Auto insurance protects you in the event of an accident or other incidents where you need to cover for damage or injuries. Depending on the type of insurance and coverage options, you may receive a payout when filing a claim for damages to your vehicle. Insurance can also help cover medical expenses and repairs when you’re at fault for hitting another car.

The cost of auto insurance varies significantly across the United States, with the average driver spending around $165 per month on insurance. However, many factors are used to determine how much you pay, from your location and driving record to the age of your vehicle.

Finding the right auto insurance policy may help cut your costs while ensuring that you have the coverage you need. However, you need to take the time to compare options, set coverage limits, and choose a suitable deductible.

Your deductible is the amount you pay when filing an insurance claim. With auto insurance, deductibles are paid on claims involving a payout for damages or injuries. You can also typically choose between a higher or lower deductible, which can impact your premiums.

Full-coverage auto insurance policies include coverage for both liability claims and physical damage, such as collision and comprehensive coverage. However, no insurance fully covers all types of events. Coverage options also vary between states and insurers.

Finding the right auto insurance for a teen driver isn’t too difficult. In most cases, the easiest solution is to add them to your existing policy. It’s typically more convenient and cheaper compared to getting a separate policy. Your existing coverage will carry over to your teen, giving you protection and peace of mind.