There are many types of car insurance that you can buy to protect your car, yourself, and others if an accident occurs. You likely already have an insurance policy for your vehicle and know that auto insurance varies greatly in type and cost. According to Forbes, motorists annually spend an average of about $1,600 to insure a vehicle. The cost varies greatly depending on where you live, your state’s insurance requirements, and what you need for your vehicle. Here’s what most people look for in auto coverage.

Affordable Policies That Meet State Requirements

Every state mandates car owners buy auto insurance to protect others against costs arising from accidents. The mandated coverage is bodily injury and property damage liability insurance that only pays others who suffer injuries or property damage that you might cause due to an auto accident. Some states also require personal injury protection (PIP) coverage often called “no-fault” insurance. No-fault insurance pays up to policy limits for injuries that you or your passengers might endure in an accident, regardless of who caused it. The idea is to accelerate payments to injured passengers and minimize the number of lawsuits filed due to vehicular accidents.

Auto Insurance That Protects Their Vehicles

Different vehicles used for differing purposes require different types of car insurance. You might have an old sedan that you use to deliver pizzas. If so, you need commercial auto insurance to protect your vehicle against damage and your liability because standard car insurance doesn’t apply when using a vehicle for commercial purposes. A financed vehicle requires full coverage to protect the lienholder, and a classic car should have classic car insurance. Matching the insurance to your needs ensures the best insurance coverage and protection.

Protection Against Liability and Excess Costs

Many motorists recognize the need to protect their finances and assets against the potential costs of auto accidents. Unfortunately, according to the Insurance Research Council, about 12.6 percent of motorists nationwide did not have any auto insurance for their vehicles in 2019. The amount is closer to about 25 percent in some states, which leaves other motorists vulnerable to excess costs that uninsured motorist coverage protects against. When you shop for insurance coverage, ensure that your policy has protection against liabilities and other costs you may run into.

As you can see, there are many things you should be looking for when shopping for auto insurance. At The Louisiana Insurance Center, our team works closely with top insurance companies to get you the policy you need. You can call to learn more and get a quote on insurance for your vehicle.