Auto insurance is incredibly important to carry. You should never drive a car without auto insurance. Even if you don't own a car, you still should have some kind of insurance just in case you rent or borrow a car. Although, just because you need to carry auto insurance doesn't mean you that you need to get all of the different options offered to you. Here are some of the different options that you should know about available to you so you can decide what kind of coverage you need.
1. Medical Coverage
Many auto insurance providers offer additional medical coverage on top of your normal medical insurance plan. This means if you get in a car accident, it will help to pay for any additional medical expenses that you might have above what your insurance is willing to pay. If you have really good medical insurance, then you may not need this type of coverage. In many cases you will never access this portion of your coverage, but you will pay more each month to get it. This is something that you could go without in some situations.
2. Comprehensive Coverage
Collision coverage is what most people confuse with comprehensive coverage. With collision coverage, you are covered only in the case that you are in a car accident. So if you crash into another car, your insurance will help to pay for the damage and repairs. However, comprehensive coverage goes above and beyond. This coverage protects the vehicle from damage that is not from a car accident. If the car is damaged by hail, if it is vandalized, stolen, or a myriad of other things, you could access the comprehensive coverage and get payment for the damage. Although collision coverage is a requirement in most areas of the country, comprehensive coverage may be optional.
3. Liability Coverage
In some insurance policies, you can get liability coverage. This is they type of coverage that protects you in the case of a lawsuit. If you are in a car accident and the other party sues you, you could be personally responsible for all of the money granted in the lawsuit. With liability coverage, you could access your insurance policy and it would kick in to pay for some, if not all, of the costs.
By understanding the different kinds of coverage, you can get you can choose what is right for you. For more information and options, contact an insurance company, like The Blondin Agency Inc - Nationwide Insurance.