Different Types of Auto Insurance

Comprehensive Coverage

Comprehensive auto coverage is a component of your physical damage policy that protects your vehicle from damages caused by incidents other than collisions. This can include vandalism, theft or attempted theft, hail damage, fire, lightning, floods, or damage caused by animals. While comprehensive coverage is often optional, it may be required by your lienholder or leaseholder if your vehicle is financed.

Collision Coverage

Collision coverage helps cover damages to your vehicle resulting from a collision or an overturn accident. Similar to comprehensive coverage, collision coverage is often optional but is typically required by your lienholder if your vehicle is financed or leased. 

Uninsured/Underinsured Motorist Coverage

Uninsured and underinsured motorist coverage is crucial to consider, as it protects you if you're involved in an accident with a driver who lacks insurance or has insufficient coverage. In such cases, your uninsured/underinsured motorist coverage can help pay for your damages. Some states mandate this coverage, while in others, it is optional.

Liability Coverage

Bodily injury liability and property damage liability coverage are essential third-party coverages to include in your auto insurance policy. These coverages are typically mandated by the state. Bodily injury liability protects other drivers and passengers from injuries you may cause, while property damage liability covers damages to other people’s property resulting from an accident you cause.

Medical Payments Coverage

Medical Payments Coverage, available in some states, is similar to Personal Injury Protection (PIP) but typically offers less extensive coverage. While some states provide both options, others may offer either Medical Payments or PIP. Unlike PIP, Medical Payments Coverage is more limited and does not cover lost wages or essential services.