Learn 6 Types of Car Insurance Policy Coverage

6. Personal injury protection

Personal injury protection, or PIP, is only available in a few states. PIP, like medical payments coverage, may help pay for your medical expenses after an accident.  Furthermore, PIP may assist pay other expenditures incurred due to your injuries, such as childcare costs or missed income. In some states, personal injury protection is obligatory, whereas in others, when it is offered, it is voluntary.

Which types of insurance are legally required?

Except for New Hampshire, every state requires drivers to carry liability insurance for property damage and bodily injury. Depending on your state, more coverage may be required.

Uninsured and underinsured motorist coverage, as well as PIP, may or may not be included. Although comprehensive and collision coverage are not required by law in any state, many lenders do.

In such circumstances, gap insurance may be required to cover the difference between what you still owe on the vehicle and its current market worth.

Get the right auto insurance for your vehicle. 

When it comes to vehicle insurance, there is no such thing as a one-size-fits-all solution. Where you reside, how you drive, and your vehicle can all influence which auto insurance policy is best for you and your wallet. Many online quoting systems will ask questions about your location and driving patterns to recommend coverages worth considering. When comparing auto insurance rates, select the same coverage for each quote so you can compare apples-to-apples.