The Premium Auto Quote website is designed to give you, the consumer, advice and recommendations when searching for auto insurance.Every state requires that motorists carry minimum levels of auto insurance coverage, or the equivalent in financial responsibility waivers, in order to ensure that its drivers can cover the cost of damages to people or property in the event of an automobile accident.Auto insurance is your financial shield if you are involved in a traffic accident or if your car is stolen or damaged. Your policy is a contract between you and your insurance company. You will pay regular monthly or yearly premiums, and the insurance company will pay for any losses that are covered by that policy.Depending on the coverage you select, it will protect you in these situations:If your car is stolen or totaled in a wreck, the insurance company will reimburse you for the cost of the vehicle.If you car is damaged in an accident, the cost of repairs will be paid by your insurance company.If you are involved in an accident and injure someone else, the legal damages you are liable for (including the victim's medical bills) will be taken care of by your auto insurance provider.A basic auto insurance policy is comprised of six basic types of coverage. While some of these types of coverage are required by state law, some are considered optional. These are:Bodily injury liabilityProperty damage liabilityMedical payments or Personal Injury Protection (PIP)CollisionComprehensiveUninsured/underinsured motorists coverageThe Premium Auto Quote web site has some tips on . Also, the Federal Citizen Information Center (FCIC) offers a list of .