Auto Insurance Prices

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When shopping for auto insurance, it is important to do your research. It is a very important financial decision in one's life, and there are many things people are unaware or uncertain of. We also provide tips to help you save, and find the best combination of price and coverage for each individual. Click the articles below to begin your research!

Types of Car Insurance Coverage

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You may be aware that you are required to have car insurance before you can legally drive. However, you may not be completely aware of the different types of car insurance that are available - some required by law, some not. Once you understand the difference between the types of car insurance, you can make a more informed decision about what to buy when you call on your insurance agent. Below are the major types of car insurance that you need to consider.

Liability Insurance

When you are found at fault in a car accident, this is the insurance that will pay for damages that you cause to other people and property. Liability insurance pays out to others and does not protect you at all, nor does it protect any of the passengers in your car. This is the insurance that you will usually see listed in a "25/50/25" format. Most states require a minimum liability insurance package.

Personal Injury Insurance

This is the insurance that pays for the injuries that occur to you and to your passengers in an accident. Personal injury insurance pays out regardless of who is found to be at fault. Personal injury will also cover lost wages and any funeral costs that may be necessary. This is not required by as many states as liability insurance, but it is still a good investment.

Uninsured Motorist Insurance

This insurance protects you against being hit by an uninsured or an underinsured driver. If the cost of your damages are more than the at fault driver's insurance pays out, uninsured motorist insurance will pay the difference. Most states require this insurance, as one of every eight drivers is still uninsured, according to a 2019 report of the Insurance Research Council.

Collision Insurance

Collision insurance pays out to repair your vehicle after an accident. This is usually an optional coverage; however, if you have a lien on a car, your lienholder may require it before they will sell you the car. Collision coverage may cover your damages if you do not have uninsured motorist insurance. It will also cover the damages to your car, after the deductible is paid, of one party collisions, such as a driver running into a tree.

Comprehensive Insurance

Comprehensive insurance covers a car in incidents that are not related to an accident such as theft, hitting an animal in the road or your car getting vandalized. Comprehensive insurance will also usually have a deductible and only pay out after this deductible is reached. This is also usually an optional type of coverage by state law, but some lienholders may require that you maintain it.

Roadside Assistance Coverage

Roadside assistance will cover the costs of a tow truck and other expenses if your vehicle breaks down on the side of the road. You may be able to get a rental car paid for while your car is being repaired. You may also be eligible for a payout if your car is declared a total loss.