Auto liability coverage is mandatory in most states. Drivers are legally required to obtain at least the minimum liability coverage set by state law. Liability coverage covers two components: bodily injury liability and property damage liability. Bodily injury liability pays for the other driver’s injuries if you’re at fault in the accident. Property damage liability covers the damage you cause to another’s property while driving.
Other types of insurance coverage are not mandatory but can provide more security. These include the following:
Uninsured and underinsured motorist coverage protects you if you are hit by a driver who doesn’t have insurance or whose liability limits aren’t enough to cover your resulting damages.
Comprehensive coverage covers damage to your car from events outside your control, like theft, fire, hail, or vandalism.
Collision coverage helps repair or replace your car if you’re involved in an accident with another object, like a vehicle, fence, telephone pole, or mailbox.
Personal injury protection (PIP) helps cover your medical expenses after an accident. It also helps cover other costs incurred by your injuries, like lost income.
Different factors go into determining car insurance rates for seniors. Each insurance provider evaluates drivers based on unique criteria, such as the driver’s age, location, vehicle type, driving history, and credit score. That’s why getting personalized quotes from different companies is essential to find the most affordable senior auto insurance policy available.
