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Auto Insurance Worksheet

The document provides an overview of different types of auto insurance, including what they cover, whether they are required by states, and things for the reader to consider when reviewing their own policy like annual costs, deductibles, and coverage maximums.

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Felicia
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243 views

Auto Insurance Worksheet

The document provides an overview of different types of auto insurance, including what they cover, whether they are required by states, and things for the reader to consider when reviewing their own policy like annual costs, deductibles, and coverage maximums.

Uploaded by

Felicia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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AUTO INSURANCE WORKSHEET

Use this auto insurance cheat sheet to identify the types of insurance you have, and any additional
coverage you might want to investigate further.

Is It Required
Types of Auto Insurance What Does it Cover? by Most
States?
Bodily Injury Liability Injuries you cause to another person Yes
Property Damage Liability Damage you cause to another person’s
property Yes

Personal Injury Protection Your own and your passengers’ injuries as well
(PIP) as lost wages and cost to fill in for the injured
No
party’s essential functions, such as child care

Collision Coverage Damage to your vehicle from traffic accidents


and collisions with trees, stop signs, etc.
No*

Comprehensive Coverage Damage to your vehicle from weather, natural


disasters, fire, vandalism, contact with animals
such as deer or birds; can cover things like hail
damage and cracked windshields No*

Uninsured/Underinsured Hit-and-run incidents and accidents caused by


Motorist Coverage drivers with no insurance or not enough
insurance to cover your damages; also can
cover you if you are hit as a pedestrian Depends on
your state

Rental Car (while primary The cost of a rental car when your car needs
car is in the shop) repairs No

*Even if collision and comprehensive coverage are not required by your state, these coverages might be required by your
auto loan lender. These coverages often are sold separately with a deductible. The higher your deductible, the lower your
monthly premium. However, a high deductible also means you will pay more out of your own pocket before the coverage
kicks in.

© 2023 National Endowment for Financial Education | www.CashCourse.org | Page 1 of 2


Locate your auto insurance statement and fill out this chart to get a quick reference of your coverage.
Does anything stand out as needing further investigation? Make notes of any questions you have and
contact your insurance provider.

Type of Coverage My Annual Cost My Deductible My Coverage


Maximum
Bodily Injury

Property Damage

Medical Payments or
Personal Injury
Protection (PIP)

Collision

Comprehensive

Uninsured /
Underinsured
Motorist

Rental Car (while


primary car is in the
shop)

Other

© 2023 National Endowment for Financial Education | www.CashCourse.org | Page 2 of 2

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