Most states legally require certain types of auto insurance, such as liability insurance, which covers the other party’s losses if you cause an accident. We recommend all Toyota owners have liability insurance, which includes:
Property damage liability: Property damage coverage pays for the other party’s property damage if you cause an accident.
Bodily injury liability: Bodily injury coverage covers the other party’s hospital bills, lost wages and funeral costs resulting from an accident you caused.
Since the above policies only cover the other party’s losses, you should also have coverages that pay for your own expenses, part of full coverage car insurance. We recommend all Toyota owners have the following insurance options, even if your state doesn’t require them:
Uninsured/underinsured motorist: This type of insurance can cover you and your passengers’ bodily injuries and property damage that another driver with no or insufficient insurance caused.
Collision: Collision coverage is an optional policy that covers your property damage, regardless of fault.
Comprehensive: As another optional policy, comprehensive coverage covers damage to your vehicle from events other than collisions, such as theft, vandalization and weather-related incidents.
Personal injury protection (PIP): PIP is optional in some states and required in no-fault states like Delaware, Florida and Hawaii. This type of policy covers your medical expenses, lost wages and child care, regardless of fault. Each party pays for its own medical expenses.
Medical payments: Medical payments coverage is optional and pays for your medical expenses, such as ambulances and hospital care, for accidents you cause. You will also be responsible for the other party’s injuries.