People have many factors to consider when they decide how much auto insurance they need. The first consideration is the minimum legal amount of insurance. Many states require a minimum of liability insurance. Collision and comprehensive insurance is also available. This coverage may be required if you took a loan out on your car, but is a good idea to provide protection in case your car is stolen or you are at fault in an accident.
- Even if you don’t have the optimal full spectrum of auto insurance for your car, you must get the bare minimum that gets your car in compliance with your state’s law.
- The law requires drivers to have liability coverage, which is designed to cover others involved in your accident.
- Collision and comprehensive coverage will help should your car be damaged or stolen, or if you’re found to be at fault in an auto accident.
“Due to the importance of the asset, you need to make sure that you have the right type of insurance coverage in place to provide you with the protection that you need.”