When most consumers think about auto insurance, they tend to concentrate on price rather than coverage and how it can help to prepare for unexpected incidents. Being insured at the right rate for the right risk, can assist consumers by protecting assets, such as, avoiding property liens, seizure of 401k benefits, financial investments, as well as preventing wage garnishments on future earnings. While many drivers are cautious and drive defensively, an accident can happen in the blink of an eye.
In order to operate a vehicle in any state, liability coverage, which includes, Bodily Injury and Property Damage is needed to protect the passengers and any property. These coverages cover the other party if you are in an at-fault accident. Additional coverage can be added to the policy at an additional rate in order to broaden your coverage.