The type of motor vehicle insurance that you must have varies depending on your state. However, most states require at least **liability insurance**. Liability insurance covers bodily injury and property damage to others if you are at fault in an accident.
Different types of motor vehicle insurance
- **Liability insurance:** Required by most states and covers bodily injury and property damage to others if you are at fault in an accident.
- **Uninsured motorist coverage:** Covers you and your passengers if you are hit by a driver who does not have insurance or who does not have enough insurance to cover your damages.
- **Collision coverage:** Pays for repairs to your vehicle if it is damaged in an accident, regardless of who is at fault.
- **Comprehensive coverage:** Pays for repairs to your vehicle if it is damaged by something other than an accident, such as theft, vandalism, or weather damage.
How to choose the right motor vehicle insurance policy for you
When choosing a motor vehicle insurance policy, it is important to consider your needs and budget. You should also compare rates from multiple insurance companies before you buy a policy.
Here are some factors to consider when choosing a motor vehicle insurance policy:
- **The type of coverage you need:** Consider the minimum coverage requirements in your state and the additional coverage options that are available.
- **Your budget:** Compare rates from multiple insurance companies before you buy a policy.
- **Your driving record:** Drivers with a clean driving record typically pay lower insurance rates.
- **The type of vehicle you drive:** Newer vehicles and vehicles that are more expensive to repair typically have higher insurance rates.
- **Your location:** Drivers who live in areas with a high risk of accidents or theft typically pay higher insurance rates.
You can get quotes from multiple insurance companies online or by phone. Be sure to compare the coverage options and rates carefully before you buy a policy.