In most states, drivers have a financial responsibility to carry some form of auto insurance. However, beyond the minimum requirement, you will find many other types of coverage to choose from. Understanding all your options and how they protect you will help you purchase the policy most suitable for your needs. Here are some of the most common products included in auto insurance policies.

5 Kinds of Auto Insurance Coverage to Consider 

1. Liability 

If you are found at fault for a car accident, liability coverage will pay for any bodily injuries and property damages that occur. It is designed to cover the other party’s medical expenses and repair bills, but it won’t protect you from any losses you incur from the incident. 

2. Collision 

This type of coverage will provide the funds necessary to repair or replace your vehicle after being in a crash. Collision coverage will also pay for damages caused by a collision with an object, such as a tree or house, or an accident where no other cars or objects are involved. 

3. Comprehensive 

Comprehensive auto insurance is intended to cover events beyond your control. It will take care of the cost to fix your vehicle if damages are sustained because of a natural disaster, theft, act of vandalism, falling object, collision with an animal, or glass breakage. 

4. Medical Payments 

Medical payments coverage will pay for accident-related medical bills for you, your passengers, household members, and other policyholders regardless of fault. It’s meant to supplement health insurance in case injuries extend past medical coverage. It can also help cover funeral expenses if a fatality occurs.

5. Uninsured/Underinsured Motorist 

Unfortunately, not all drivers obey the law when it comes to buying auto insurance. The roadways are full of motorists who are uninsured or don’t have sufficient coverage. Adding uninsured/underinsured motorist to your policy will protect you from these drivers if you are in an accident with one. It will make sure your medical expenses and vehicle repairs are paid for. 

Becoming an educated consumer before shopping for auto insurance is the best way to make sure you’re adequately protected. The professionals at Pearson & Barnes Insurance in Somerset, KY, will help you explore the various types of coverage available and explain how they may benefit your situation. With their guidance, you can customize a policy that has all the features you need. With more than 20 years of combined experience, they’ve been entrusted to provide numerous Somerset residents with high-quality products at competitive prices. Call (606) 679-1450 to request a quote, or visit their website to view all the personal insurance services they offer.