Your auto insurance is really a package of seven primary coverage's, which together make up a standard auto policy. Each of these coverage's has its own separate premium.
Bodily injury liability: This provides protection if you injure or kill someone while operating your car. This is coverage you want to keep at a consistent level, even as your car gets older and declines in value. In the event of a serious accident, you want enough insurance (higher limits) to protect assets that may become subject to a lawsuit.
Medical payments, no-fault or personal injury insurance: This usually pays for the medical expenses of the driver and passengers in your car.
Uninsured motorists protection: This will pay for your injuries caused by an uninsured driver or, in some states, a hit-and-run driver, in a crash that is not your fault. Given the number of uninsured motorists driving on our highways today, this is very important coverage to have, even in states with no-fault insurance.
Comprehensive physical damage insurance: This coverage will pay for damage to your car if it is stolen, or damaged by flood, fire, animals, or other covered perils.
Collision insurance: This pays for damage to your car when your car hits, or is hit by, another object. We offers a number of deductibles. You can opt for a higher deductible in order to lower your premium.
Property damage liability: This provides you with protection if your car damages someone's property, and it also provides you with legal defense.
Rental car reimbursement: This coverage helps pay the cost of renting alternate transportation if your auto is disabled in an accident for more than 24 hours.