.Generally, those requirements include auto liability coverage for bodily injury and property damage. Liability coverage may pay for the damages and injuries you cause to others due to an auto accident.

Having car insurance is required by law in most states. If you are at fault in a car accident, the auto liability coverage required on your car insurance policy helps pay for covered losses, such as the other party's medical bills and damage to their vehicle or other property that results from the accident.

What is most important in car insurance?The most important ones are liability, comprehensive and collision coverage. We call them the big three of basic car insurance—coverage you can't afford to go without.

Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs..

Factors That Impact Your Cost of Car Insurance | BankrateCar insurance companies use many factors to determine how much your auto insurance premiums will be. These factors include your vehicle type, driving record, claims history and the state you live in, and may also include your age, gender, credit score and ZIP code depending on your state's auto insurance regulations..