The coverage types and the amount of coverage you choose will always have a big impact on the auto insurance quotes you get. That’s not to mean you should get overly focused on price and skimp on the ideal coverage for your needs.
If you fail to buy enough insurance, you will have a coverage gap that could lead to major financial pain if you’re involved in a car accident. Your intention is to find the best coverage for your specific situation and at the most reasonable price.
Here are some common auto insurance coverage types to consider before comparing quotes:
Car Liability Insurance
Car liability insurance is a critical coverage that pays others medical bills and property damage after an accident. It also helps in paying for a legal defense in case you’re sued over a car accident. Most states require drivers to carry a minimum amount of car liability insurance, but it is always essential to buy more than what’s required. After all, the minimum amounts are often woefully inadequate to cover medical bills and proper damage when involved in an accident.
Collision and Comprehensive Insurance
Collision and comprehensive insurance helps pay for repairs to your car for a variety of problems, such as car theft, fires, vandalism, failing objects and collision with animals. While they are often sold together, you can choose to buy them individually. For instance, if you only want coverage for issues like theft and floods, you can easily get a car insurance quote for comprehensive insurance without collision.
Medical Expenses Coverage
Medical expenses coverage varies from state, but generally it covers medical bills and other types of expenses if you or your passengers are injured in an accident, no matter who caused it. Some states require drivers to carry personal injury protection insurance (PIP) as part of their ‘no-fault’ auto insurance systems.
The above are merely some of the coverage types you should know about before comparing auto insurance quotes. Ensure you choose a coverage that best fits your needs to avoid regrets in the long run.