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Kiplinger
Kiplinger
Business
Daniel Bortz

Different Parts of Car Insurance and What They Cover

Two men exchange car insurance info after a car accident.

Car insurance is meant to protect you from financial loss in the case of an accident or theft. But there are several different parts of car insurance. What do these different parts of car insurance cover? It's a question all drivers need to know the answer to.  

Many states have minimum coverage requirements, mainly for liability coverage for property damage and bodily injury. However, opting for added coverage outside what's required is usually a good idea, as it can save you from paying huge expenses out-of-pocket in the event of an accident. And with auto insurance prices so high, understanding the various parts of car insurance can help you choose the best policy at the best price.

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