Every state requires drivers to carry a minimum amount of insurance coverage, but that may not be enough to fully protect you from incidents. With liability-only coverage, you may be left paying out of pocket if you’re in an accident or a severe storm destroys your car. To fill the gap, insurance companies offer a wide range of policies designed to protect drivers from specific perils.

3 Critical Types of Car Insurance

1. Collision Coverage

If you do cause an accident, your liability insurance should cover the other driver’s medical bills and repair costs. But what about your own vehicle? Collision insurance is there to pay the cost of repairing or replacing your own vehicle after an accident, even if you were at fault. If you financed the vehicle, your lender will likely make collision insurance coverage a condition of the loan.

2. Comprehensive Coverage

Accidents can be destructive, but a wide range of other hazards could damage your vehicle even when it’s not on the road. This is where comprehensive coverage comes in, providing protection from damage caused by major storms, falling trees, theft, and an array of other perils. Lenders also require borrowers to buy comprehensive insurance coverage before issuing a car loan.

3. Underinsured/Uninsured Motorist Coverage

Unfortunately, some drivers get behind the wheel without carrying the minimum amount of liability insurance. If you’re in an accident caused by someone without adequate coverage, uninsured motorist coverage will pay for your property damage and medical expenses. Underinsured motorist coverage is also a valuable investment, covering any losses that exceed the limits of the other driver’s policy.

The road can be unpredictable and dangerous, which is why Bob Shropshire Bail Bonds proudly offers a wide range of auto insurance coverage options to drivers throughout the Cincinnati, OH, area. No matter what your driving record is like, their agents will take the time to find an affordable insurance policy that protects you and your property from the unexpected. Visit their website for more on their insurance services, or call (513) 721-3915 to request a quote.