Basic car insurance is pretty easy to grasp, but you may be surprised to learn just how many types of car insurance are available. If you are searching for “different types of car insurance,” then this post is for you. Here is a look at 10 common types of car insurance.
Car Insurance Types
- Liability coverage
- Collision coverage
- Comprehensive insurance
- Gap insurance
- Towing and labor insurance
- Rental reimbursement insurance
- Uninsured motorist insurance
- Underinsured motorist insurance
- Medical payments coverage
- Personal injury protection insurance
Liability coverage is legally required to drive a car in most states. This insurance will help cover any injuries or property damage that may have been the result of a vehicle accident.
Purchasing collision insurance is the best way to cover any damages that are done to your car following an accident with another vehicle. In some cases collision insurance can help repair or replace the covered vehicle.
Comprehensive insurance provides an extra coverage level for accidents involving multiple cars and drivers. Comprehensive may also pay for damages done to your vehicle other than accidents, such as extreme weather and vandalism.
Everyone knows how quickly vehicles can lose value. That’s why gap insurance is a priority for any driver out on the road. Gap insurance can help cover the amount owed on a car loan, even after theft or total loss of the vehicle.
Towing And Labor Insurance
Towing and labor insurance is pretty obvious. This package can reimburse drivers for towing costs and the costs of labor for any needed repairs.
Rental Reimbursement Insurance
Life can be tough after a bad accident. You’ll have one less thing to worry about when purchasing rental reimbursement insurance, though. This insurance will help pay for a rental car when your vehicle cannot be driven after an accident.
Uninsured Motorist Insurance
What exactly is uninsured motorist insurance? Uninsured motorist insurance will protect you and your valuable car against any uninsured drivers or in the case of a hit-and-run. Oftentimes this coverage is offered with underinsured motorist insurance.
Underinsured Motorist Insurance
Drivers may choose to carry the minimal liability coverage in an effort to save money. Unfortunately, though, the bare minimum may not provide you with adequate coverage when needed. By getting underinsured motorist insurance, you will be protected against an accident with a driver who cannot cover costs due to their own minimal liability coverage.
Medical Payments Coverage
Of course, post-accident medical costs can be extremely expensive. Protect yourself with medical payments coverage to take care of costs related to a covered accident, regardless of which driver(s) is at fault.
Personal Injury Protection Insurance
Depending on type of policy offered, this insurance can cover up to 80% of all medical and other expenses resulting from a covered accident. Loss of income due to an accident can be covered with personal injury protection insurance.
Auto Insurance Quotes
From offering liability protection to you and your family to helping you get reimbursed for personal property damage, auto insurance provides many types of coverage. Learn more about Auto Insurance Coverage or get a free auto insurance quote from Klimes Insurance today.