There are many different types of auto insurance coverage. The one you choose depends on your budget and what you want to be protected from. This video explains what “full coverage” is and how it protects your car.
The truth is, full coverage does not really exist. The coverage needed by a young and single person is different from the coverage needed by a middle aged married person with children.
There are six major types. Liability is the type everyone has to get. It covers the damage to property and people should you be at fault in a car accident. Collision covers your own vehicle in any accident, even if you are at fault.
Comprehensive coverage is often purchased in combination with collision insurance and protects your car from theft and damage not induced by a car accident. For example, if a tree falls on your car, comprehensive insurance will cover the costs of repair.
Uninsured motorist coverage covers you if you are in an accident where the other drivers insurance won’t help. Medical coverage and personal injury protection help pay medical bills if you are injured in an accident. The choice is up to you, and you have to work with a licensed insurance broker to help. For more information, check out the video above.