Collision Coverage is just that; if you collide into something you have coverage, if it’s your fault, but with a deductible that is subtracted from the appraised damage value. Deductibles are usually $500. There is no need for collision coverage for a vehicle more than 10 years old. If the collision is not your fault, the “at fault” insurance company will ultimately pay your claim plus your deductible.
Comprehensive Coverage is similar to collision coverage but covers losses such as hail damage, flooding and theft. There is also a deductible.
Liability Coverage protects you if you cause an accident that is your fault. Most states have a minimum amount such as $30,000. I would recommend $300,000 per individual and $500,000 per accident. (Covers all individuals in the accident). The increase in coverage averages only about $60 additional a year, but is worth the peace of mind.
Uninsured Coverage protects you from drivers who are uninsured if you are injured in an accident. It is estimated that 50% of drivers have no insurance. Coverage limits should be the same as you have for liability.
UnderInsured Coverage protects you from motorists who at fault injure you but do not have sufficient insurance. Coverage for this should be the same as your liability coverage.
Questions about your specific coverages should be directed to your insurance agent.
There may be discounts available.