Before you can adequately decide on the type of coverage that is adequate for you, you need to know what options there are available. Find below, a broad presentation of auto insurance policy types.
There are three main groups we would be looking at. These are:
1. Liability Auto Insurance policy
2. Collision Auto insurance policy
3. Comprehensive Auto insurance policy
The first - Liability is the minimum policy requirement for drivers in most states. This policy covers damage to the other drivers car in a situation where you are at fault. No compensation comes your way at all as you have to repair your car yourself.
On the next step after this is Collision . In this policy, your car also gets covered. That is the damaged car of the other driver is covered and so is your car too.
The last is Comprehensive. just from the name, we can begin to have an idea of what it entails. This coverage adds to all of the above coverages for things like fire, theft, personal injury, vandalism etc. It is possible with some insurers to tinker with this to come up with a more or less custom made policy.
Whenever you are taking up a policy, know that this is just a broad guide. You need to take the time to understand what a particular insurer is offering in their own policy.
The process of shopping is where you really make your choices. To be able to make the right choices, you need to have enough information. How do you get these information about the different insurers?
The simplest way to do this is to get and compare quotes from them. If you were to get quotes from say 20 insurers, how long would it take you to get them all? Your guess is as good as mine. We are all sure of one thing though. It would take a lot of time. To save time, just visit between 4 and 5 quotes comparison sites and you would get more than 20 quotes with which to do your comparison and what's more, it is absolutely free of charge and obligation.
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