What are the 5 types of auto insurance?

What are the 5 types of auto insurance?

Six common car insurance coverage options are: auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage and personal injury protection.

What are the 3 types of car insurance?

3 Types of Auto Coverage Explained

• Liability coverage. Protects you if you cause damage to others and/or their stuff.
• Collision coverage. Covers your car if you hit another car, person or non-moving object (like those darn ornamental rocks cousin Todd has at the end of his driveway). #
• Comprehensive coverage.

What is the most basic type of automobile insurance?

Generally, the six basic car insurance coverages you’ll need are:

1. Bodily Injury Liability Coverage.
2. Property Damage Liability Coverage.
3. Medical Payments or Personal Injury Protection (PIP) Coverage.
4. Comprehensive Coverage.
5. Collision Coverage.
6. Uninsured/Underinsured Motorist Coverage.

What are the seven types of auto insurance?

7 Types of Car Insurance: Learn Which Coverage You Need

• 7 types of car insurance explained.
• Collision coverage.
• Liability coverage.
• Uninsured and underinsured motorist coverage.
• Comprehensive coverage.
• Personal injury protection.
• GAP insurance.
• Rental car reimbursement.

What are the six common types of auto insurance?

What Are The 6 Difference Types Of Car Insurance? Liability Insurance (BI/PD) Collision Insurance Comprehensive Insurance Medical Payments Insurance (MedPay) Personal Injury Protection Insurance (PIP) Uninsured/Underinsured Motorist Insurance (UM/UIM)

What are the main types of auto insurance?

What are the different types of car insurance? Liability coverage. Liability coverage is required in most US states as a legal requirement to drive a car. Collision insurance. Comprehensive insurance. Uninsured motorist insurance. Underinsured motorist insurance. Medical payments coverage. Personal injury protection insurance. Gap insurance. Towing and labor insurance. Rental reimbursement insurance.

What are the different types of auto coverage?

There are three primary types of coverage offered by the majority of car insurance providers. They include liability, collision, and comprehensive. Each of these has their own ranges of coverage and each may also include extra services.

What are car insurance categories?

Car insurance policies can be divided into two distinct categories: third-party liability and first-party insurance. In car insurance terminology, the owner of the policy is the first party, who has contracted with the second party (the insurer) for the coverage.