Car Insurance Explained: What You're Really Paying For
Most people overpay for car insurance simply because they don't understand what they're buying. Let's break it down.
J
Jane Editor
Financial Writer
Liability Coverage
This is the minimum required in most states. It covers damage you cause to other people and their property — but nothing for your own car.
Collision Coverage
Pays for repairs to your car after an accident, regardless of fault. Essential if you have a car loan or lease.
Comprehensive Coverage
Covers non-accident damage: theft, weather, vandalism, hitting an animal. Usually cheap to add.
How to Save
Bundle home and auto, take a defensive driving course, raise your deductible, and compare quotes annually.
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Car Insurance
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