The part most people dread about the purchase of a car is shopping for car insurance.  There are so many options and packages to choose from.

Auto insurance is intended to keep you and others from experiencing financial loss in the event of an accident, theft, vandalism, fire or other damage involving your vehicle.

In most states, you cannot own and operate a car without the minimum state-required private passenger automobile insurance coverage. But how much and what kind of auto insurance coverage do you need?

According to the NAIC, there are several key components need to consider:

1. Decide how much coverage is needed – it varies by state and condition
2. If you have a loan on your vehicle, you are required to have:
   1. Comprehensive Coverage
   2. Collision Coverage
   3. If you do not have a loan, these options may not be needed, but you may determine that you would benefit from these coverages
3. To satisfy your state requirements, make sure your policy has the following:
   1. Bodily Injury Liability
   2. Property Damage Liability
   3. In some states you may also need:

1. Personal Injury or Medical Payment Protection
2. Uninsured and Underinsured Motorist Coverage

4. Make sure to have your insurance agent put together different deductible scenarios – this may help save you money on your monthly premiums

With the right amount and type of auto insurance, you can be confident that an accident or other unforeseen incidents with your car can help you avoid significant and lasting financial loss.

At Steely & Smith, our team of insurance experts can help ease your frustration of car insurance shopping and help you find the perfect fit for your vehicle insurance needs. Contact us today!

Note: This information is general in nature and should not be construed as professional insurance advice. You should work with your insurance agent to determine what will work best for your situation.