Auto insurance: are you covered?

Do you have the auto insurance that's right for you? Find out about the basic types of insurance coverage below.

Collision Coverage: Most lenders require collision coverage as a condition of your loan. Collision coverage covers physical damage caused by a collision, regardless of who was at fault. Collisions can involve another vehicle or an object, like a telephone pole or a tree. Ask your agent about the market value of your car before deciding how much you need; deductibles may apply.

Personal Liability Coverage: Crashes generally cost more than the minimum limits, according to the Insurance Information Institute, so it’s a good idea to get more liability insurance than required. In fact, every U.S. state except New Hampshire requires its drivers to purchase liability insurance to drive legally. Talk to your insurance agent about how much Property Damage Coverage and Bodily Injury Liability Coverage you should purchase.

Comprehensive Coverage: If your car is damaged by something other than a collision, such as hail, a fallen tree or vandalism, Comprehensive Coverage may cover the costs. Consider the market value of your car when deciding whether or not you need it.

Uninsured & Underinsured Motorist Coverage: If you're hit by a driver who doesn't have enough insurance, or any insurance at all, Uninsured and Underinsured Motorist Coverage may compensate you or a covered family member.

Medical Payments Coverage: Medical Payments Coverage may helps with medical bills for you or anyone who is in your car during an accident.