Liability insurance coverage.
This type of car insurance coverage is all that a lot of people have when they drive. This insurance covers expenses if you are at fault in an accident. It will cover property that you have damaged and medical bills that have stemmed from your accident.
Collision Insurance Coverage.
This type of coverage applies for if you get into an accident. It will pay for the repairs that are needed. Usually you can get $0, $100, $250, $500, $1,000 and $2,000 deductibles for collision insurance coverage. The lower your deductible (such as $0), the more expensive your collision insurance coverage will be. I usually like to stay around the $500 to $1,000 collision deductible as I found that this is the best value for our cars.
Comprehensive insurance coverage.
This type of coverage is something that is usually out of your control. It can cover weather issues (such as a tree falling on your car or hail damage), and if your car were to be stolen.
Not every single car needs comprehensive insurance though. If your car was fairly cheap and it doesn’t matter if something weather related happens, then you may want to forgo it. Usually comprehensive is fairly expensive, so if your car was $500 then you may not see any use in paying for comprehensive insurance coverage because you might find yourself paying $300 every 6 months for a $500 car.
Usually you can get $0, $100, $250, $500, $1,000 and $2,000 deductibles for comprehensive insurance coverage. The lower your deductible (such as $0), the more expensive your comprehensive insurance coverage will be.
Injury protection insurance.
If you don’t have the greatest health insurance, then you may think about injury protection insurance. Injury protection insurance can help you with your medical bills. If you were in an accident, medical bills can add up very quickly.
Underinsured or uninsured car insurance.
Not everyone has their car insured. I always hear horror stories about how someone got in a really bad accident and the person at fault did not have health insurance. This is where underinsured or uninsured car insurance comes in.
This is usually pretty cheap to add to your insurance policy. I think it adds an extra $10 or $20 to my sixth month policy.
Short-term car insurance coverage.
Short-term car insurance coverage, such as Weekly Cover, is for when you want to borrow a friends car, test drive a car or only need to use your car for special dates.