5 Types of Car Insurance Explained

Getting the right CT auto insurance involves more than finding the lowest price. You need the right coverage plan for your circumstances. Before you request a quote, familiarize yourself with the six major policies.

1. Liability

In many states, drivers must have this basic coverage. If you cause an accident, it pays for the other person’s property damage and physical injuries.

2. Collision

Collision insurance protects you from losses when another vehicle collides with yours. Even if you’re not at fault, it pays for damages to your automobile.

3. Comprehensive

This policy covers more damages and offers more benefits than liability and collision. It provides protection against theft, fire, vandalism and certain natural disasters.

4. Medical Payments Coverage

If you’re in accident, you don’t want to get stuck paying for medical bills. This policy covers these expenses for you and your passengers.

5. Uninsured or Underinsured Motorist

It’s estimated that 15 percent of U.S. drivers don’t have auto insurance. Additionally, 30 percent don’t have enough coverage. This policy is for accidents caused by an uninsured or underinsured motorist. With this plan, you get property damage and bodily injury coverage.

When shopping for CT auto insurance, consider the types of plans that are available. The more you know the better you can protect your financial well-being.