What are the different types of auto coverage? Do I need all of them?
In general terms, there are six kinds of auto insurance coverage. Depending on your personal circumstances, you may not be required to carry all of them. Typically, however, if you are financing your car, the lending institution will require you to carry full coverage. The six kinds of auto coverage are: General liability, which covers damage to other vehicles, property, and injuries to others, is generally the minimum kind of auto insurance required. Collision, as the name implies, covers damage to your own vehicle resulting from a collision or accident. This kind of coverage is especially important if your auto is new. Comprehensive covers a variety of damages not related to a collision — vandalism, theft, break-in, fire, and natural disasters. Depending on the age and value of your auto, you may want to regard this kind of coverage as optional. Medical payments, often called personal injury protection (PIP), cover medical expenses for injuries to you, your passengers, or other parti
