Understanding insurance coverage is essential for making informed decisions about your vehicle's protection. Key coverage types include Collision and Comprehensive, which protect against accident and non-accident damage, respectively. Medical Payments (MedPay) and Personal Injury Protection (PIP) cover medical expenses and additional costs like lost wages. Liability insurance is mandatory in most states and covers damages when you cause an accident. Uninsured (UM) and Underinsured Motorist (UIM) coverage protect against drivers with insufficient insurance. Additional options like Guaranteed Auto Protection (GAP) and OEM Endorsement offer extended benefits. Being well-prepared with necessary information and understanding your state's requirements can help you choose the right policy.