Auto Insurance has two parts, which include liability and the car itself. Liability insurance will cover any finances if one were to be injured in your vehicle. Most US states require all vehicles to have this coverage. When one insures their vehicle, they are receiving comprehensive coverage. Comprehensive coverage will reimburse losses from theft, fire and other damages.

Collision coverage is another add on coverage to one’s auto insurance policy. This coverage will pay for any repairs to your car after an accident. Typically, this coverage is authorized by banks and leasing companies. There are a few other coverages one may choose from to insure their vehicle. They include ancillary medical and car rental insurance.

If you are looking to reduce premiums, one should look into utilizing high deductibles on vehicle damages. If you are a carrier of umbrella insurance, be sure that you check to see if you carry the right amount of liability insurance to steer clear of a gap in coverages.