Auto Insurance Coverage Types — What You Need to Know

Classic Car Insurance

$200–$1,000/yr

Specialized coverage for collector, vintage, and classic vehicles based on agreed value.

Collision Coverage

$300–$800/yr

Pays to repair or replace your car after an accident — regardless of who's at fault.

Commercial Auto Insurance

$1,200–$3,600/yr

Covers vehicles used for business purposes — from delivery vans to company fleets.

Comprehensive Coverage

$150–$500/yr

Covers non-collision damage like theft, weather, vandalism, and animal strikes.

Financed Car Insurance

$1,400–$2,600/yr

Lender-required full coverage that protects both you and your auto loan provider.

Full Coverage Auto Insurance

$1,500–$3,000/yr

Comprehensive + collision + liability — maximum protection for your vehicle and finances.

GAP Insurance

$200–$400/yr

Covers the difference between what you owe on your car and what it's actually worth.

Leased Car Insurance

$1,600–$2,800/yr

Full coverage plus GAP protection — required by your lease agreement.

Liability-Only Auto Insurance

$400–$900/yr

Covers damage and injuries you cause to others — the legal minimum in most states.

Minimum Coverage Insurance

$300–$800/yr

The absolute least coverage your state requires — liability-only at state minimums.

New Car Insurance

$1,800–$3,200/yr

Full protection for brand-new vehicles — including gap coverage for rapid depreciation.

Non-Owner Car Insurance

$300–$700/yr

Liability coverage for people who drive but don't own a vehicle.

Rental Car Insurance

$10–$30/day

Short-term coverage for damage, theft, and liability when renting a vehicle.

Rideshare Insurance

$150–$400/yr add-on

Fills the coverage gap for Uber, Lyft, and other rideshare drivers.

SR-22 Insurance

$1,800–$4,500/yr

A certificate proving you carry the state-required minimum insurance — required after serious violations.

Umbrella Insurance

$150–$400/yr

Extra liability coverage that kicks in when your auto or home policy limits are exceeded.

Uninsured/Underinsured Motorist Coverage

$50–$200/yr

Protects you when the at-fault driver has no insurance or not enough to cover your costs.

Used Car Insurance

$1,000–$2,000/yr

Flexible coverage options for pre-owned vehicles — from full coverage to liability-only.