Other types of automobile insurance

Many drivers feel they need insurance protection besides the basic liability insurance coverage.

If you have a late model or expensive car, you should consider purchasing comprehensive and collision insurance to protect you financially in case of damage to your car or theft (most companies will not sell collision without comprehensive coverage).

If the car is financed by a lending institution, the lender may require comprehensive and collision insurance to protect its interest in your car. A lender cannot require you to purchase insurance from a particular agent or company. You often can save money purchasing the insurance protection on your own.

Insurance companies may offer other optional coverage, such as towing, rental and labor benefits. When comparing policy premiums, make sure to consider similar coverage. Not all insurance buying decisions are simple or clearcut. When in doubt, remember it is more important to have insurance against large losses that could threaten your standard of living than to have protection against small losses you can afford to pay yourself.

Liability insurance coverage
Who is covered under an auto insurance policy?