Apart from various forms of liability insurance, there is collision and comprehensive auto insurance coverage to consider. Collision covers damage to the policyholder's motor (car) resulting from running into anything, be it anything e.g. another car, a fire hydrant, or a light post. Comprehensive coverage takes care of your car from theft, fire, falling objects, explosions, or other unexpected problems.
Collision and comprehensive coverage are required in most lease contracts, and are necessary if you drive an expensive car. If you're driving an old car, on the contrary, and the value of your premium and your deductible are close to or exceed the value of your car, you might want to consider doing without this coverage.
Uninsured or underinsured motorist coverage might also be a smart buy, even if you have full medical coverage, as it can pay for your injury and suffering damages. If u work for any organization that offers road side assistance, you don't need to purchase that yourself. The similar thing applies to mechanical breakdown insurance if you own a newly financed or leased vehicle which is still under warranty.
It is easy to be resentful of the money spent on auto insurance. Keep in mind that auto insurance will most likely come to your rescue at some point of time, so it's essential to purchase a worthwhile policy. You must know what coverage you must have and know what additional coverage fits your lifestyle. Then if in case any trouble strikes, you'll be ready for it in advance.
Even though each state has minimum (or no) requirements for bodily injury liability, this is probably in your better interest to go for higher limits. If someone else is injured and you are at fault, the minimum liability coverage may not cover their medical expenses, in which case their attorney will most probably come after your assets. It is recommended to purchase 100/300 limits of bodily injury liability. While, if your personal assets don't amount too much, you do not have a whole lot for them to worry about, so the minimum requirements might actually suit you and will save you cash.
