Auto Insurance is a contract between you and the insurance company which protects you against financial loss in the event of an accident. You agree to pay the premium and the company agrees to pay your losses as defined in your policy.

How much auto liability insurance do I need?
As much as you can afford. Liability is probably the single most important auto coverage you carry, especially if you have substantial assets to protect. A relatively small increase in premium translates into a large increase in security.

What is covered under my insurance?
An auto policy always includes liability for bodily injury and property damage and may also include collision and comprehensive coverage for damage to the insured vehicle. The lender requires the later two coverages if your automobile is financed.