Main Types Of Auto Insurance

Main Types Of Auto Insurance

When it comes to purchasing auto insurance, you must know what all of your options are in order to make sure that you are making the right decision for your personal situation. The main two types of auto insurance are liability insurance and full coverage insurance.
 

Full Coverage Insurance

This coverage is known for costing a little more money, but for good reason. It is going to give you the most protection. Whether it is your driving, another driver, an animal, or inclement weather cause an accident, you are covered. Any other vehicles and property damaged in the accident is also covered should you be at fault.
 

Liability Insurance

In short, this is the coverage that protects everyone else on the road but yourself should you find yourself the cause of the accident. This is generally the lowest legally acceptable insurance coverage accepted in many states. You and your vehicle is only protected if the other driver is at fault and they have proper insurance coverage.
 

Other Types Of Auto Insurance

It is important to know that there are more types of auto insurance. Such policies are not policies that are held on an everyday basis, but can come in handy when they are needed.
 

Such policies include:

  • Rental Auto Insurance
  • Gap Insurance
  • Loan Lease Payoff Coverage
  • Umbrella Insurance
  • Rental Insurance
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    As you can clearly see, there are many different types of insurance options. It is because of this that you are going to want to take your time in making the decision as to what is right for you. Not all of these policies are things that you must have. For example, if you do not lease your vehicle, it is not necessary to have a loan lease payoff policy. However, many people find that rental insurance is something that can come in handy at the most unexpected times.
     
    Make sure that you do your research and ask all of the right questions. Shop around for the best quotes and get your insurance policy as soon as possible. The last thing you want to do is to drive around without the right insurance coverage.
     
    Disclaimer: This is for information purposes only and NOT a recommendation from Mills Insurance. Please contact a licensed insurance specialist to discuss insurance coverage’s and laws.