Auto insurance varies from company to company. The names of the coverage options may change slightly, but you can expect to see the following options when you buy an auto insurance policy.
Many of these options carry deductibles. A deductible is a portion of the damages that you are required to pay before the insurance company pays damages. Deductibles start as low as $100 and may go as high as $1000 or $2000. The higher the deductible on your insurance coverage, the lower your monthly premium typically is. However, lower premiums are not always the goal. Talk with your independent insurance agent about the premium and deductible right for your budget.
- General liability: Helps protect a covered driver who is legally liable in an accident that results in injury or death to others.
- Property damage liability coverage: Helps protect a covered driver who is legally liable in an accident in which another person’s property is damaged.
- Medical payments: Provides coverage if you, covered family members or your covered passengers receive medical treatment, services or products for bodily injury caused by a covered accident.
- Comprehensive & Collision: Collision coverage provides coverage (less your deductible) for loss to an insured auto due to a collision with another vehicle or object. Comprehensive coverage provides coverage (less your deductible) if your car is stolen or damaged due to a covered “non-collision” loss, such as falling objects, fire, vandalism and others.
- Uninsured motorist: Helps protect you, covered family members and your covered passengers who are injured or killed in an accident involving a legally liable uninsured driver. (Uninsured Motorist Coverage for Property Damage is also available in certain states).
- Underinsured motorist: Helps protect you, covered family members and your covered passengers who are injured or killed in and accident involving a legally liable underinsured driver.
- Extra coverage options: Towing insurance and rental insurance are commonly purchased extra coverage options.