4 Essential Types of Auto Insurance

Auto Insurance

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Choosing the right type of auto insurance can be challenging. With so many options, finding the right coverage at the right price can be difficult. Enough insurance could save you from financial loss if you are in an accident. There are three types of auto insurance that can be crucial: liability, collision, uninsured/underinsured motorist, and comprehensive. By knowing how much coverage you require, you’ll be able to plan more effectively.

Liability

Auto liability insurance, such as from an insurance Maitland FL company, can pay for the injuries, medical payments, and lost wages of others if you cause an accident. There are many states that require drivers to have some form of liability insurance, but the limits of coverage vary widely from one state to another.

Collision

This type of car insurance covers your vehicle when you collide with another vehicle or a stationary object. If your car is damaged, collision can pay for the repair and replacement parts. This kind of insurance is often optional, but these types of damages can be fairly common.

Uninsured/Underinsured Motorist

If another vehicle causes an accident and the owner of the vehicle does not have enough insurance coverage to pay for your repairs, injuries or lost wages, uninsured/underinsured motorist coverage can make up the difference.

Comprehensive

If your car is damaged by something other than an accident, such as hail or falling trees, comprehensive insurance can pay for repairs and replacement parts. Other examples of damages that are covered under comprehensive coverage include windstorms, fire, theft, or vandalism.

There are a few additional types of auto insurance that could cover less common risks, such as personal injury protection and towing and labor insurance. Make sure you have enough coverage in the event of an accident by discussing your options with a qualified insurance agent.

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