close up of front ends of two cars after colliding in accident

What are the Different Types of Car Insurance?

Are you looking to get car insurance for the first time? Or do you sometimes feel like you don’t know much about car insurance? Don’t worry, we’re here to help! We’ll break down all the different types of car insurance you can get as a driver! 

[Read More: How to Get More Affordable Insurance] 

Liability Coverage 

The most common insurance (it’s a legal requirement for many states to drive), this insurance helps cover damages for injuries or property damage you are deemed legally responsible for from an accident. 

man holding credit card and typing on laptopCollision Insurance 

Helps cover damage to your car after an accident involving another vehicle. May help repair or replace a covered vehicle. 

Comprehensive Insurance 

A step up from collision insurance, comprehensive insurance helps pay for damage caused by something other than collisions like weather damage, vandalism and accidents with animals. 

Uninsured Motorist and Underinsured Motorist Insurance 

Uninsured motorist insurance and underinsured motorist insurance helps protect you in case you come into an incident with another driver who doesn’t have insurance or only pays the minimal and therefore can’t cover all your damage. 

Medical Payments Coverage and Personal Injury Protection 

Medical payments coverage and personal injury protection insurance are there if you are injured in a covered accident and have to pay medical bills or are in danger of losing income. Plans cover as much as 80% of medical and other expenses. 

Gap Insurance 

If your car is completely totaled but was still relatively new with a loan still to be paid on it, gap insurance helps pay the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. 

Rental Reimbursement Insurance 

This insurance helps pay for a rental car in the event your vehicle cannot be driven after an accident or collision. 

Thanks for reading! If you any more questions feel free to contact our expert staff at Broadway Credit!