Discover what your auto insurance covers, including liability, collision, comprehensive, and more. Learn how to tailor your ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. When you buy or lease a car, it's important to protect that investment. Getting auto ...

Keep organized records, check insurer reviews and update your policy after major life changes to maintain proper protection without paying for unused coverage.

Most states require drivers to carry auto insurance, but this requirement usually targets liability insurance. Basic coverage required by law doesn't protect your vehicle against damage. Instead, ...

Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. One way to do that might be to drop certain coverages from your policy.

Reducing your car insurance to minimum coverage could save you thousands on premiums. But when is it worth the risk?