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Types of Auto Insurance Quotes

It is easy to get online auto insurance quotes. You can then compare options from multiple insurance companies. To make sure the quotes are actually comparable, make sure the coverage is the same. Many coverage options exist so you need to understand what each will pay for to decide if you need or want that particular coverage in your policy. Following are the most common types of coverage.

Liability Coverage

Minimum state requirements can be satisfied with this type of coverage. If you cause an accident, your insurance company will pay the costs associated with vehicle damage and injuries to for other parties involved. You and your vehicle are not covered. In most cases, your passengers will not be covered either.

How to Compare Auto Insurance Quotes

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As with other types of coverage, there is a monetary limit to how much your insurance company will pay out under this coverage.

Comprehensive Coverage

As its name suggests, this will cover nearly any type of damage to your car that is not the result of a car accident. This type of coverage is particularly useful for drivers that live or work in locations with high rates of auto theft or extreme weather conditions. If your car is damaged as the result of a natural disaster, you are protected as long as you have this coverage. Car owners who do not have a garage or other enclosure for their vehicle should consider comprehensive coverage as an option on their policy.

Collision Coverage

This type of coverage is fairly straightforward. It pays for damage to your car that is the result if a collision. It does not matter how the collision occurs. Your car simply needs to collide with something else. If the damage is severe enough, this coverage extends to the replacement of your car. Keep in mind that if your car has to be replaced, you will be compensated at the present value of the vehicle, not what you paid for it.

Now that you have a better sense of several types of coverage available, you can select the coverage that is right for you. The more coverage you have, the higher rates you will pay. This is ideal for people who want the security of knowing they are financially covered regardless of who is at fault. Or you can get the most basic coverage as long as it is appropriate to your specific situation and does not expose you unnecessarily to financial risk. You can get auto insurance quotes on the different types of coverage described here are for all vehicle makes and models.