Auto Insurance

Auto insurance coverage has two parts. The first part is the liability section of the policy, which covers your financial responsibility for injuring others. Most states require some liability coverage. The second part of auto insurance covers the car itself: comprehensive coverage reimburses losses from fire, theft, or other perils; collision coverage pays to repair losses caused by an accident. Often this coverage is mandated by leasing companies or banks. You can help reduce your premiums by utilizing high deductibles on physical damage coverages.

There are also ancillary medical, car rental, and other coverages which vary by state, as well as umbrella insurance which can avoid a gap in coverage for a serious accident.