Have you ever carefully read your auto insurance policy? Understanding what's covered and what's not is critical, not least because knowing the details can save you money. Be sure to check for these 10 types of contingencies, perhaps in a conversation with your agent. Some fall under the umbrella of standard coverage, but other incidents are insured only through optional a la carte clauses that add to the premium's cost.
Numerous factors affect auto insurance rates, including age, gender, education, geographic location, type of car, and driving history. Each state requires a certain minimum coverage, invariably involving liability for bodily injury to others and damage to property. After that, you can choose to pile on coverage, such as comprehensive (non-collision damage to the car, theft), collision damage to your car, and roadside assistance; the specifics vary by carrier. How much insurance you buy is a decision based, in part, on your own tolerance for risk and out-of-pocket costs versus the price of the premium.