A majority of drivers purchase a basic policy to meet the state's insurance requirements. While this may be enough to get you driving on the road, the minimum requirements in most states only provides liability insurance to pay for damages to the driver you hit in an accident. Liability insurance does not offer any protection for damages you incur to your own person and property. When you are involved in an accident, many things are affected including your family, financial assets like your house, as well as your own vehicle. Getting the right coverage can help protect your family and your assests.