Auto insurance is a must-have for every car owner, as it offers financial protection and may help cover expenses related to damage to your vehicle and liability for injuries or damage you may cause to others. This coverage may help you handle unexpected incidents without facing significant out-of-pocket costs.

What Does Auto Insurance Cover?

Auto insurance is a contract between you and your insurer where you pay regular premiums in exchange for financial protection against losses from accidents or vehicle damage. While auto insurance policies vary, they typically include the following coverages:

• Liability coverage may cover expenses if you are found accountable for another person’s injuries and property damage during an accident.  

• Collision coverage may pay for repairs or vehicle replacement after an accident. 

• Comprehensive coverage may offer financial support when your vehicle becomes involved in nonaccident events such as theft, vandalism, natural disasters and other covered events. 

• Medical payments coverage may cover medical bills for both you and your passengers. 

• Uninsured/underinsured motorist coverage may provide financial protection in an accident involving a driver without insurance or with insufficient coverage.

How Much Auto Insurance Do I Need?

Drivers in Maryland are mandated to have an auto insurance policy that provides liability coverage for bodily injuries, property damage and uninsured motorists. While it is not required, you are encouraged to get optional coverage such as collision coverage, comprehensive coverage and medical payments coverage.

Drive With Confidence

Trying to make sense of an auto insurance policy can be a challenge. At Waymon Lynch & Associates, Inc., we’ll help steer you in the right direction so you’ll better understand the ideal financial protection for you. Contact us today to learn more.