Basic Types of Coverage for Your Car
Some Things to Do to Lower Your Insurance Cost
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| This covers you when you injury someone while driving, either a pedestrian, someone in your car, or someone in another car. This includes legal expense, up to the policy limits. It's mandatory in most states and generally required on leased cars. | This refers to hitting another car, parking meter, stop sign, building, or any other property you might damage while driving. This also include legal expense if you're sued. Damage to your own property is not covered. This is required in most states. |
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| This pays for any medical expenses incurred by you or anyone in your car, no matter who's at fault in an accident. If you have a high deductible, medical payment insurance can ensure that you're covered in a car accident even if you haven't met your deductible. | This cover theft, vandalism, damage by fire or storm. It pays for repair or replacement costs, once you've met your deductible. It's optional on cars you own but it's mandatory on leased or financed cars. |
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| This covers replacement or repair costs for your car that result from an accident, whether you hit another car or a lamppost. Like comprehensive, you'll have to meet your deductible before your insurance pays. Under some policies, you can buy an uninsured motorist deductible waiver, which means you won't have to pay your deductible if an uninsured driver is at fault. It's mandatory on leased and financed cars. | This covers damage to your car caused by uninsured or underinsured drivers, including hit-and-run drivers. This includes damages incurred while you're in someone else's car or when you're a pedestrian. It's mandatory in most states. |