One of the key advantages to having automobile insurance is that it protects an individual’s finances from catastrophic expenses. It helps with the cost of an accident and protects a driver and a driver’s assets from liability related lawsuits. Ultimately, an automobile insurance policy can save an insured individual thousands of dollars when an accident has occurred. A comprehensive insurance policy that has collision coverage and liability coverage can handle a wide range of unexpected expenses associated with an automobile accident. Medical coverage is also important because it protects passengers and a driver anytime an accident occurs.