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Auto Insurance

Also called car insurance. It’s a safety net between you and financial hardship if your car goes through an unexpected emergency.

What does auto insurance cover?

It depends on your state’s requirements, but the highest requirement for a coverage plan includes six types:

Liability

Collision

Comprehensive

Medical Payments

Under/Uninsured Motorist

Personal Injury Protection (PIP)

Is auto insurance required?

In all but two states – New Hampshire and Virginia. All states requires some kind of proof of financial responsibility, so in states that don’t require auto insurance, you have to prove you’re financially able to pay for medical and asset damages.

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