Auto Insurance is required by law in all 50 states. Learn more about how it works and if minimum coverage is right for you.
Find Cheap Rates by Comparison Shopping
Car insurance rates change every day, and you could be leaving money on the table if you’re not comparison shopping. With car prices and repair expenses shifting, so does the cost of auto insurance. Insurers use these market changes plus other factors, like your age and driving history, when underwriting policies — that's why a different carrier may charge less for the same coverage.
Until you compare quotes, you’ll never know if you’re paying too much for car insurance.
But shopping around can be a tedious chore. Imagine calling each company one-by-one and repeating your information each time. Doing the legwork yourself might waste hours (possibly days) of work. Or you can complete one convenient form to compare big carriers alongside smaller local ones for free by shopping with SmartFinancial.
The Basics of Car Insurance
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Key Terms to Know
Auto Insurance is a contract between the insured and an insurance company. If the insured suffers a covered loss, the insurance company will help pay for expenses. A policy lists all coverages and limits as well as a deductible amount if you have collision and/or comprehensive coverage.Learn More
Auto liability insurance is required in most states so that your insurance policy can help cover losses if you cause damage or injury to another driver, their passengers and/or their property or if you injure pedestrians. There are two components to liability coverage: bodily injury liability and property damage liability.Learn More
Collision insurance can pay to repair or replace your car after a collision-related car accident, even if you are the at-fault driver. Collision coverage is optional and is typically bought along with comprehensive coverage for individuals who require full coverage auto insurance. It is required when financing or leasing a car.Learn More
Insurers, agents, and lenders use the term "full coverage" to describe auto insurance that covers you for damages even if an accident is your fault and if something outside of your control, like a hail storm, causes damage to your car. Full coverage means that you carry collision and comprehensive coverages along with state required coverage.Learn More
The declarations page is the front page of a policy that specifies the name of the insured person, their residence, the policy period and coverages. It also lists deductibles, limits, your user ID and other key data. Insurers informally refer to this document as the dec page.Learn More
Frequently Asked Questions
Liability insurance is required in nearly every state. In some states, personal injury protection and uninsured motorist coverage are required as well. Collision coverage is optional and covers your car even if an accident is your fault. Comprehensive coverage, which is also optional, will pay for losses for accidents and events that are not collision-related, like damage as a result of a storm, theft or vandalism. If you are leasing or financing a car, you will be required to carry collision and comprehensive insurance in addition to state required coverages.
The cheapest way to insure a car is to buy your states minimum requirements and limits. In some states that means buying only liability coverage. In other states, you may have to buy personal injury protection and/or uninsured motorist coverage as well as liability protection. Keep in mind, however, that if your car is worth more than a few thousand dollars, it’s cheaper in the long run to protect that vehicle with optional coverages like collision and comprehensive in case you’re at fault in an accident or if something out of your control, like a falling object, damages it. Paying for repairs out of pocket is always the most expensive option.
The best way to buy car insurance is to compare rates. Not only do car insurance rates change daily, but you will get different pricing from each insurer. Why not compare all the rates available to you so you can afford to buy the right amount of coverage and save some money too?
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Car Insurance by Make and Model
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How Much is Auto Insurance in Your State?
We compiled our insurance data from thousands of insurance quotes across the country. Here is the average cost of coverage in each state.