Auto insurance also protects the car owner from theft. It pays most or part of the costs of a nursing home or home health care. But it may not be as important as you think. It also provides additional protection above existing homeowner's and auto liability coverage. You must be sure that all foreseeable areas of risk are adequately covered by any type of insurance policy.
Policies can vary significantly, depending on the coverage they provide.
Policy limitations are also an important consideration. For example, an otherwise excellent health policy might have a major medical cap that is too low. Even though a policy may offer adequate coverage now, your needs will change in the future. You'll need to review the adequacy of your total insurance coverage at least once a year. Many people pay far more for insurance coverage than necessary.