Automobile insurance is required to legally operate a motor vehicle on public roads, but not everyone can explain why. What do all those numbers mean? And all of us have minimized budgets in today's economy — should we all be buying minimum limits to accommodate our budgets? Between guys jogging with pink headbands, green geckos and Flo, we're distracted away from the serious business of protecting ourselves and our financial interests, and those we care about.

Automobile coverage consists of two basic coverages:

• Liability Insurance insures you if you are at fault in an incident and you cause Bodily Injuries and/or Physical Damage to someone else's property. Liability insurance is mandatory in all states, although each state sets its minimum limits for its Financial Responsibility requirements.
• Property Insurance insures your automobile(s) against damage and loss; unless the vehicle is financed or leased, the owner may choose if they wish to purchase insurance to protect their vehicle, or "self insure", meaning any damages or loss to the vehicle will be absorbed by the owner. Vehicles that are financed or leased are almost always required to maintain Physical Damage coverage. Consult your financial or leasing institution for their requirements, or speak with our Licensed Agents about your particular needs.