Emma Gutierrez: Hello, I am Emma Gutierrez with Wells Fargo and Company. Today we are talking about the basics of auto insurance and how you might save money on your policy. Let's face it; even if you are the best driver in the world, accidents do happen. And while Auto Insurance can't prevent accidents from happening; it can shield you from their financial impact. But determining how much protection you need and price you pay for it can varied by 100s of dollars each year depending on the type of car you drive, your accident history, state requirements and the insurance company who provides your policy. Most states require car owners to buy a minimum amount of bodily injury and property damage liability insurance before they can legally drive their cars. However, optional collision and comprehensive coverage provide much needed protection as well. The foundation of your Auto Insurance policy should be your liability coverage, which covers cost associated with bodily injuries or property damage that you the insured driver a policy holder cause and are legally obligated to pay. Don't skip on this coverage because any damage is not covered by the policy will be your responsibility. Collision coverage pays for damage to your car resulting from a collision with another car, object or as a result of flipping over. Comprehensive coverage reimburses you for losses due to the theft, fire, vandalism or damage caused by something other than the collision with another car or object. The immense of your liability, collision and comprehensive coverage will be the main factors in determining how much you pay for your Auto Insurance policy. However, rates change often and can vary greatly, so it's important to review your coverage on a regular basis and get multiple quotes. Just make sure you don't sacrifice coverage for a low price.