The most common form of property insurance purchased by Americans is personal automobile insurance. Certain basic coverage is mandatory in most states, but insurance companies offer options to extend protection beyond the legal minimum levels. Some of the above coverages are appropriate for almost everyone. Others may not be necessary depending on your circumstances.
Liability insurance is the most important coverage.
Consider purchasing more than the legal minimum, since the cost of additional coverage generally is not a great deal more than the basic premium. Medical payments insurance is not as essential as liability. Most health insurance plans will cover members of your household in case of an accident. If you do not have health insurance, or if your health insurance policy includes a large deductible, it may be a good idea to adjust the medical payments coverage. Uninsured and underinsured motorist liability coverage is mandatory in many states.