Deductibles

Deductibles
This is the amount you pay to get your car fixed when you are in an accident and it is your fault. If it is not your fault then other persons' insurance pays for your property and medical expenses.

These coverages are collision (when you hit something, tree, curb, rock on road, car, bus...) and

comprehension (when something hits you, animals, deer, rocks that hit your windshield) the most common claim filed under comprehension is to replace broken windshields. These coverages are not requied by law but if you have loan against the vehicle, then your bank will insist you provide them.

Secret- Collision is really expensive but you don't save as much as you would think by having a $500 vs a $250 deductible, call your company to get the quote difference between them. Usually, the saving are not that great but it is a big difference to pay $250 rather than $500 to get your car fixed. So call and check.

Same advice for comprehensive. Check the price savings between a $100  and a $250 deductible.

If you have let your insurance lapse and you still owe money they your finance company will take action. However, DO NOT LET THE BANK OR FINANCE COMPANY TACK ON INSURANCE Coverage (called the lien holder).

If your the bank sends you a letter that if you don't provide insurance they will, don't waste your money.   Buy your own policy because (usually) the bank will only cover your car with collision and comprehesive not liabilty and they will charge you an outrageous price too. 
Remember the law only requires liability.