Full coverage may not be enough

Some people believe that if they elect to buy comprehensive and collision coverage in addition to buying the state minimums for liability, they'll have full coverage, providing them with enough protection, Massey says. However, that may not be the case.
Collision insurance covers your own car if it collides with another auto or object. Comprehensive insurance covers losses to your vehicle not resulting from a collision. Rather it covers losses from events such as theft, floods or fire, he says.

These car insurance products are important, but drivers should also consider whether their liability coverage is enough to protect their assets, Massey says. If you cause an accident and injure other parties, you'll need the liability insurance to pay out damages, he says.