Buying auto insurance is much more involved than simply shopping for the lowest-priced policy. To get adequate financial security, you must purchase the coverage that’s most suitable for your unique needs. This requires having a good understanding of all the options available. Each one offers protection for specific situations that may arise. Here’s an overview of how some of the most common types of coverage work.

Understanding Your Auto Insurance Options 

1. Liability 

At the very least, most states require drivers to carry a minimum amount of liability coverage. This will help pay for third party losses incurred due to any accidents you cause. Should you hit another vehicle, it will cover medical expenses for the other driver and their passengers, as well as the damages to their car. Your legal fees will also be covered if a lawsuit is filed against you.

2. Collision 

This portion of an auto insurance policy will pay for damages to your own vehicle as the result of a collision, regardless of who was at fault. It covers collisions with other vehicles and objects and single car rollovers. Collision coverage is optional, but if your car is financed or leased, it’s likely your lender will require it. 

3. Comprehensive 

Like collision coverage, comprehensive also pays for the repair or replacement of your vehicle. However, it covers different events. This offers protection from theft, vandalism, inclement weather, fire, falling objects, and damage caused by animals. It’s optional unless required by a lender.

4. Uninsured/Underinsured Motorist

Despite the law, many drivers still get behind the wheel without being properly covered. Uninsured/underinsured motorist coverage will pay for your bodily injuries and property damage in the event you’re hit by someone who has insufficient auto insurance or none at all.

5. Personal Injury Protection

This provides additional medical coverage for any injuries you sustain in an accident, no matter who was responsible for causing it. In some cases, personal injury protection will also help replace lost wages if you’re unable to work because of your injuries.

If you’re looking for reliable and affordable auto insurance, turn to Kramer-Myers & Werring-Dickerson Insurance in Batavia, OH. With nearly 60 years of experience, they know there’s no such thing as a one-size-fits-all policy and will take the time to help you combine the right coverage solutions into a customized plan that provides maximum protection. As an independent agency, they offer free quotes that let you compare options from multiple carriers to find the best deal possible. Call (513) 732-1461 to schedule a consultation, or visit them online to learn more about their services.