Ownership6 min read
Choosing the Right Car Insurance
Coverage that fits your vehicle and your risk — without paying for protection you don't need.
Autosavvy101 Editorial
Insurance protects you from costs you couldn't easily absorb yourself. The right balance depends on your vehicle and your finances.
The Layers of Coverage
- Liability — the foundation, covers damage to others
- Collision — covers your vehicle in a crash
- Comprehensive — covers theft, fire and other damage
- Deductible — what you pay before the insurer pays
A higher deductible lowers your premium but increases what you pay out of pocket in a claim.
Comprehensive and collision matter more when your vehicle is newer or financed. As it ages and loses value, revisit whether they still make sense.
Review your coverage when your circumstances change — a paid-off loan, a new driver, or a vehicle that's aged.