LYCOS RETRIEVER 
Auto Insurance Coverage: Policies
built 657 days ago
The online auto insurance market has extended the strong growth it saw in 2006 into the first two months of 2007. During January and February, the number of auto insurance quotes submitted online increased 29 percent and the number of policies purchased online increased 45 percent compared to the corresponding time period in 2006.
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As of January 2005, a “no frills” auto insurance policy became available. It was designed for drivers who do not need the full auto insurance coverage previously required by law. For example, retired people do not have an income, so under the No Frills policy they are not entitled to income replacement benefits. No Frills offers premium savings while maintaining essential benefits.
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Instead of taking a risk, there is such thing as auto insurance coverage for a low budget. Purchasing the minimum coverage required by your state’s laws is not only the least expensive coverage available but ... helps you avoid expensive law violation citations. The minimum required coverage will also usually provide, up the policy limits, coverage for other’s injuries, their property, and in some states, even coverage for your own injuries as well as protection against uninsured motorists.
The only coverage that pays for these things is a part of an auto insurance policy known as Un/Under-insured motorist coverage. You can only buy as much coverage here as you have in Liability coverage. Your auto insurance agent should be able to help you determine the exact amount you need.
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[T]here isn't just one type of auto insurance available. Drivers have a few options they can choose from when selecting an auto insurance policy. Drivers can choose the level of coverage and liability of their policy. However, more liability and coverage means higher premiums. So how do you decide what policy to get?
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Liability insurance coverage is designed to payout in the event of property damage and physical injury if you were at fault. This type of coverage ... includes legal costs in most cases, although it is important to check this when you take out the policy. Collision coverage is designed to payout in the event of damage incurred as the result of a collision with an object, and there is usually a deductible with this type of insurance.
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