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Three Types Of Car Insurance Coverage - What Are They?

Jun 5, 2008
Knowing what type of car insurance coverage need is not always a simple matter. What makes it difficult for car owners is the fact they just don't know one form of coverage from another. They have not take the appropriate time to learn what sort of coverage is offered by individual car insurance companies and do not know much about even the basic form of car insurance coverage. This can be a big problem when you are searching for car insurance quotes because you need to establish a new policy.

There are three primary types of coverage offered by the majority of car insurance providers. They include liability, collision, and comprehensive. Each of these has their own ranges of coverage and each may also include extra services. Another distinction between them is based upon the price for each form of coverage. Since there are distinct price differences, with one form often being more expensive than another, it is tempting to go with the least expensive. The only problem with this approach is that less expensive may also include less quality coverage.

Of course, there are ways to find car insurance policy that provides decent coverage for the motorist at an affordable price. It is entirely possible to find a great combination of quality and cost. The only way to increase the chances of finding the perfect policy is to do the research and comparison shop for your policies.

Let's take a closer look at the different types of coverage to give you an overview of what sort of protection each of these components affords the policyholder.

Liability - This level of coverage is the bare minimum that you can have to be a legally insured driver. Liability is to protect you, the driver, in the event that you are responsible for an accident or if you are held responsible even if you did not technically cause one. This coverage includes damages, medical expenses, lost wages, as well as other consequences suffered by those who sustained injuries as a result of the accident.

Collision - This level of auto insurance involves coverage for repairs to your vehicle that need to be made as a result of a traffic accident, no matter who is at fault. It also covers property damage and any damage to the vehicle that is a result of collision with trees, buildings, etc. Collision insurance also offers a replacement provision. This means that if your car is declared "totaled" by the auto insurance company, you may be able to obtain a replacement vehicle of the same market value or down payment for another one.

Comprehensive - With comprehensive insurance coverage, you will have coverage that includes replacement of the vehicle if it is stolen or damaged by natural disasters.

Bear in mind that each of these coverage levels represents basic categories. Each auto insurance provider may have their own unique coverage and policy provisions. You will need to determine what sort of coverage you need, what is required, and what other features may be beneficial to have.
About the Author
Joe Kenny writes for Ridoe.net, offering some of the best auto insurance and for home protection, home insurance . Visit today for senior citizen auto insurance
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