Auto insurance is the only guarantee of safeguarding against monetary losses when involved in an incident that causes damage. Nonetheless, you may face a daunting task when shopping for an insurance premium because numerous options are available. Some coverage options are a must-have, while others are a personal choice. Therefore, you need to know the options available to select the one that fits you best. Here's what you need to know. 

Bodily Injury Coverage

This is one of the most common types of insurance coverage, and it safeguards against any financial loss if you hurt someone in an auto incident. Once you purchase this policy, you are assured that the injured party's medical treatment is catered for. Keep in mind that it extends to any person using your vehicle as long as you signed off on it. Additionally, you will find that it is a requirement in most states.

Property Damage Insurance

This policy helps you pay for repairs when you cause damage to property that does not belong to you. For example, it can assist you in settling the repair bill of a damaged vehicle if you are at fault. The policy also covers lamp posts, fences, buildings, and any other property you may hit while driving. Unfortunately, this policy does not cover damage to your property. Nevertheless, it, too, is a mandatory requirement in most states.

Comprehensive Insurance

This is the only coverage ensuring that your insurer settles damages caused by factors other than collision. Thus, if your vehicle is damaged due to vandalism, falling objects, animals, theft, or natural disasters, the insurer will help deal with the repairs. This is an optional requirement in most states, but you must include it in your policy if your car was bought through a loan that you're still paying off.

Non-Fault Protection

This insurance encompasses all losses related to injuries from a car accident regardless of the party at fault. It covers aspects, such as funeral expenditures, medical bills, and lost wages in cases where the injured person cannot work. In most states, it is not a legal requirement to have this policy, but purchasing it for added protection is prudent.

These are a few coverages you will find in the market today. Remember, auto insurance is a must-have in most states, and you cannot be on the road without it. Unfortunately, you may find yourself head-to-head with the law if you are found operating your car without auto insurance.

Contact a local auto insurance company to learn more.