Liability Bodily Injury

• Most states require automobile owners to carry a liability bodily injury policy to pay the medical expenses of other people in the event an owner's automobile causes injury. You need to keep this policy for as long as you live in a state that requires it.
  
  

Liability Property Damage

• The majority of states require automobile owners to carry a liability property damage policy to pay for property damage in the event an owner's automobile causes damage to someone else's property. You must keep this policy for as long as you live in a state that requires it.
  
  

Collision

• A lender can require you to carry a collision policy, if you financed the automobile, in order to pay for damage to the automobile caused by an auto collision. You need to keep this policy until you make all payments to the lender.
  
  

Comprehensive

• A lender can require you to carry a comprehensive policy, if you financed the automobile, in order to cover the automobile for theft or damage caused in some way other than an auto accident. You have to keep this policy until you make all payment to the lender.
  
  

Uninsured Motorist

• Some states require you to carry uninsured motorist policies to pay for your medical expenses and damage to your automobile in the event of an accident with an uninsured driver. You need to keep this policy only as long as you live in a state that mandates it.