When it comes to car insurance, there are a few types of coverage that are generally required by states. Liability insurance is one of the most important, but it's also one of the most misunderstood. Most states have statutory minimums on how much liability coverage you should have, but it's often a good idea to carry more than is required to lower your potential for high out-of-pocket costs in the future. Collision coverage helps cover the costs of repairing your vehicle regardless of fault.
This type of insurance doesn't cover if you hit an animal or if your car breaks down because it's too old and unreliable. Comprehensive coverage is generally sold together with collision coverage, and it covers damage caused by something other than an accident, such as vandalism or a natural disaster. If you're not sure about the requirements where you live, check with your motor vehicle department or insurance agent. Nationwide offers insurance for cars, classic cars, RVs, motorcycles, ATVs, scooters, golf carts and boats.
USAA car insurance is only available to members of the military, veterans, and their families. Collision insurance repairs or replaces your car when it is damaged in an accident, while comprehensive insurance applies to damage caused by something other than an accident. State law never requires car collision insurance, but dealerships and banks generally require it for leased or financed cars. You should always decide which car insurance to buy and how much based on your individual coverage needs and budget.
Keep in mind that you must be a member of the military, veteran, or military family member to be eligible for USAA insurance. With this coverage, your medical bills will be paid along with those of your passengers, no matter who is at fault for an accident. Companies offer a wide range of car insurance discounts, so look for the ones that apply to your situation. CRASH Network produces an annual insurance report card that provides information about insurer claims processes that others don't see. The three types of car insurance offered universally are liability, comprehensive and collision insurance.
The cost of collision insurance varies depending on your driving history, the value of your car and the amount of the deductible. It covers you if you hit another car, person, or stationary object (like those ornamental rocks at the end of a driveway). You can also look for the best or cheapest car insurance companies in your state and narrow down your options from there.