When you are in the process of obtaining auto owner’s insurance, you might be wondering as to what the different features out there are and which kinds are suitable for you. This is a common dilemma faced by car owners, especially the first time ones. Hence, three common kinds of insurance policies are described below. Depending on what kind of driver you consider yourself to be, you should go in for the right kind of policy that fits your needs. There is no right or wrong here and you should essentially stick to the policy that best fits your requirements.
The first kind of car insurance policy would be the basic policy, which is the minimum required policy that you might need in order to operate your vehicle legally on the road. There are many people that are more than happy with this kind of auto owner’s insurance. If you drive your car infrequently and don’t drive it in high volume areas, then this is the policy to go in for. However, if you use your care moderately to frequently, and encounter some reasonable traffic volumes, this is not the car policy for you. There might be some other policy that you could take advantage of.
The next kind of car insurance policy would the kind with comprehensive coverage. Although a little more expensive than traditional auto owner’s insurance, this is only considered by those that want some extra coverage that basic insurance doesn’t provide. With comprehensive, your car is protected from vandalism, theft, fire or other natural damage as well as collision with deer or some other natural elements. Damage arising when vehicle was parked is also something that is addressed when using this form of coverage. Hence, if you can afford it, this is perhaps the insurance to go in for.
Finally, the last kind of car insurance policy would be collision coverage. This is considered to be full car insurance coverage, when clubbed with comprehensive coverage. People would want to go in for collision coverage if they want to obtain auto owner’s insurancethat protects them from damage to their car that might arise as a result of a collision with another moving vehicle. This feature is unique in that you get reimbursed even if the accident was a result of your mistake. Hence, regardless of whose mistake it was, you get paid when you have this feature with your insurance policy.
