What is basic insurance?
Basic insurance costs less compared to standard insurance and as one would expect, it does not offer a lot of benefits. A basic policy is not for everyone but it is a good choice for those who have few assets to protect and do not have a family yet.
If you want to get into technicalities, there is no such thing as basic auto insurance policy because this can be customized. There are 6 kinds of coverage and all of these can be included or removed from your policy. It is important for you to include bodily injury liability though because this is usually required in most states.
You should take a look at the minimum requirements of your state just to make sure because this is very important and will cause a lot of hassle if you do not fulfill the requirements.
What is standard coverage?
What usually boggles people looking for car insurance is the difference between standard coverage and full auto insurance policy. Under a standard insurance policy, there is reasonable coverage tailored for local requirements. This kind of policy covers accidents too. What is great about having standard coverage enables one to get the lowest rates possible however you would have to think of the limitations of your insurance policy.
Full comprehensive coverage on the other hand covers you from a number of things that would protect your vehicle but this would of course be more expensive than standard coverage. Aside from third party liability coverage, a full auto insurance also covers comprehensive and collision coverage. What is great about getting full coverage is that you also get personal injury protection. This will of course serve as your health insurance policy in case you get injured while driving.