There are several types of auto insurance coverage available to drivers. Each type of coverage serves a specific purpose in protecting you and your vehicle in different situations. The most common types of auto insurance coverage include:
Liability Coverage: This is the most basic and essential type of auto insurance, required in most states. It includes two components:
a. Bodily Injury Liability: Covers injuries and medical expenses for other people if you're at fault in an accident.
b. Property Damage Liability: Pays for damage caused to someone else's property (e.g., their vehicle) in an accident where you are at fault.
Collision Coverage: This coverage pays for damage to your vehicle caused by colliding with another vehicle or object, regardless of fault. It is typically subject to a deductible, which is the amount you must pay out of pocket before the insurance coverage kicks in.
Comprehensive Coverage: Also known as "other than collision" coverage, comprehensive insurance covers damage to your vehicle caused by non-collision events such as theft, vandalism, fire, hail, falling objects, and natural disasters.
Uninsured/Underinsured Motorist (UM/UIM) Coverage: This type of coverage protects you if you're involved in an accident with a driver who either has no insurance or insufficient insurance to cover your damages or injuries.
It's essential to review and understand the coverage options available and choose the ones that best suit your needs and circumstances.
