Liability insurance covers any claims that result from an accident in which bodily damage or property damage occurs. Liability insurance usually covers bodily injury, property damage, and uninsured drivers from another party. If you are at fault and someone is hurt, or private property is damaged, liability insurance pays for any resulting medical expenses, lost work time, or repairs to property. If you are not at fault but the other driver is uninsured, liability insurance will pay for any injury or damage you yourself suffer.

Liability insurance is important, because it will cover you in the event that you damage another individual’s property. Liability does not cover you and your car. Collision insurance comes in here. Collision car insurance covers you when you “collide” with another object. Not all object’s however. Minor damages including cracked headlights are not covered.

When purchasing car insurance you should consider taking the largest deductible that you can afford. This amount will be deducted by your insurance company if you file a claim for damage but this can lower your monthly premium considerably. You will need to have collision insurance if you are making loan payments on your vehicle, own a fairly new vehicle or you are leasing. If you have an older vehicle and can afford to replace it you may choose not to carry collision insurance.

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