What are the different types of car insurance?
You might be looking to build your own personalized auto coverage plan, or maybe you would like to have a little more knowledge about a necessary part of car ownership. Regardless of the circumstances, we want you to be as educated as you can be. Below is a quick overview of various car insurance coverage types:
Liability
- Covers the cost of injury to others and damage to their property when you’re at fault
- Required by law in nearly all states
Collision
- Pays to repair or replace your own vehicle when you’re at fault
- Covers collisions with other vehicles, objects and animals
Comprehensive
- Covers damage to your car caused by things besides a collision
- Includes hail, wind, theft, fire, vandalism, animal damage and more
Uninsured / Underinsured Motorist
- Covers your losses caused by an uninsured or underinsured driver
- Helps pay for damage to your car and bodily injury to you and your passengers
Medical Payments
- Helps with the cost of medical care for you and your passengers resulting from injuries in an accident
- Provides this coverage no matter who’s at fault
Personal Injury Protection (PIP)
- Helps cover the cost of your rehabilitation and lost wages resulting from an accident
Covers you no matter who’s at fault
Towing and roadside service
- Provides 24/7 roadside assistance if your car is disabled
- Helps pay for towing, tire changing, locksmith service and jumpstarts
Rental Car Reimbursement
- Covers the cost of a renting a car for up to 30 days while yours is repaired
- Arrangements and billing can be handled by Farmers
Rideshare
- Helps protect drivers for rideshare companies like Uber and Lyft
- Provides coverage during periods not covered by company or personal insurance
Loss of Use
- Provides a flat sum for transportation while your car is repaired
- Can be used for public transit, rentals, taxis and rideshare services
Guaranteed Value™
- Pays you a defined, agreed-upon value if your car is a total loss
- Popular option for owners of classic and collector cars
Customized Equipment
- Covers the cost to repair or replace aftermarket equipment like infotainment systems and custom wheels
- Available on any vehicle with collision and comprehensive coverage
Personal Umbrella
- Provides additional liability coverage — above the limits on your auto policy
- Helps protect your assets from lawsuits
Glass Deductible Buyback
- Covers windshield and glass repair and replacement
- Low $100 deductible (the portion you pay yourself)
Original Equipment Manufacturer (OEM)
- Covers the cost ofusingfactory-original parts in covered repairs
- Available on cars up to 10 years old
New Car Replacement Coverage
- Covers the cost to replace your car with a new one of the same make and model
- Available when your car is totaled within the first two model years and 24,000 miles
Accident Forgiveness
- Farmers will forgive one at-fault accident for every three years you drive without one
- Keeps your premium from going up because of just one accident
