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Kiplinger
Kiplinger
Business
Karl Susman, CPCU, LUTCF, CIC, CSFP, CFS, CPIA, AAI-M, PLCS

All About Six Types of Auto Insurance Coverage

A bubble around an illustrated car.

Vroom, vroom, vroom! Americans’ love for the automobile is engrained in our culture. Going all the way back to Charles Duryea and J. Frank Duryea, two bicycle mechanics who designed the first successful American gasoline automobile in Springfield, Mass., in 1893, the love for all things cars and driving has been with us ever since. Suffice it to say, the likelihood of anyone who’s reading this remembering when this occurred is low, but everyone who’s reading this knows that if we own or lease a car, we also must purchase auto insurance.

But what are you really getting when you buy an auto insurance policy? Let’s go over a few of the types of coverage out there and some real-life examples of when you would need them. You can also watch my video about this topic:

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