Ever heard of “full coverage” auto insurance? Many of us have, but it’s important to know: “Full coverage” really doesn’t exist as an insurance product. When people use that phrase, they are often thinking about a combination of all the various coverages you can buy as part of a car insurance policy, including those required by your state, your auto lender or your lease holder, as well as coverages that are optional. Some of the coverages you can buy include:

• Bodily injury liability coverage
• Property damage liability coverage
• Collision coverage
• Comprehensive coverage
• Uninsured/underinsured motorist coverage
• Medical payments coverage
• Personal injury protection
• New car replacement coverage
• Rental reimbursement coverage
• Towing and labor costs coverage
• Other optional coverages

Watch the video below for more information:

This guest post comes from the editors of The Allstate Blog, which helps people prepare for the unpredictability of life.