If you own a car and you get in an accident you’ll want car insurance to help you pay to repair it. You might also need this type of insurance to help cover the cost to repair any other vehicles involved in the accident, particularly if it was your fault. The rules regulating what type of car coverage you are required to obtain depends on the state in which you live. Your car insurance premium is determined by a number of issues, including your age, the type of vehicle you have, the age of the vehicle, and your driving record.
Drivers with newer cars typically obtain better coverage because of the risk of having their vehicle stolen. In general, car insurance includes the following components: collision, comprehensive, liability, personal injury protection, and uninsured or underinsured motorist.
Collision coverage protects you against the expenses incurred when your vehicle is involved in an automobile accident. Comprehensive coverage offers protection when your vehicle is damaged, whether or not it has been involved in a traffic accident. Coverage for uninsured or underinsured motorist takes over in the event that the other motorist has limited or no car insurance coverage.