Hi everyone I'm Laura Adams and you're listening to the Money Girl Podcast.

If you drive a car, you already know that most states require you to have some

amount of auto insurance. But what if you're trying to cut your expenses?

Well, you'll be glad to know that it's easy to reduce the cost of car insurance and still comply with the law.

In this episode, you'll learn five of the best ways to save money on auto insurance

while keeping the coverage you need to stay safe and protect your finances. Okay. Okay, let's dig into auto insurance.

Before I tell you how to save money, it's really important to understand what's covered by a basic auto insurance policy.

Car insurance is actually a package of six different types of coverage that are each priced

separately.

The first is collision. This pays to repair your vehicle when you have an

accident with another car, even if the crash is your fault. The second is

comprehensive. This pays to repair your vehicle or reimburse loss that occurs due to something other than a collision, like fire, hail, flood, vandalism, or hitting an animal.

Number three, property damage.

This coverage pays for damage you cause to someone else's car or property,

such as a mailbox, fence or building. The fourth is bodily injury liability.

This pays for injuries that you cause to someone else.

The fifth is medical payments or what's known as personal injury protection or PIP.

This coverage pays for any injuries that you or the passengers of your vehicle have due to an accident.

It can cover a variety of expenses like medical treatment, lost wages, and funeral expenses.

And six is uninsured and underinsured motorist coverage.

This pays when you're in an accident with a driver who doesn't have auto insurance. It also

covers you when the driver has it but not enough to cover your loss. It also

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