Almost all states require car insurance to register and drive a car. If your state requires auto insurance, it is illegal to drive without the minimum coverage. But why do you have to have car insurance? Because in the event of an accident, car insurance can help cover your expenses for damages and medical costs.

No one plans to get sick or hurt, but most people need medical care at some point. Health insurance covers these costs and offers many other important benefits. Health insurance protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible.

If you don't have medical insurance, those stories can sure get you thinking, Do I need medical insurance? The answer—yes! Medical insurance has a reputation for being expensive and confusing, but it can also be the only thing standing between you and financial disaster if you ever need medical care.

Whether you're buying a new home or you've already paid off the mortgage, you may have wondered about the value of home insurance. Your home is likely one of the most valuable assets you have. Homeowners insurance helps protect that investment — and you — in a variety of ways.

If your net worth exceeds the maximum liability coverage you can get via your standard insurance policies, you'll need an umbrella policy to help protect your assets in case you're found liable for an incident that has devastating financial repercussions.

Everyone has different needs and considerations when it comes to deciding whether or not they need life insurance. In general, life insurance could be beneficial for small business owners, parents with jobs, stay-at-home parents, retirees, single people without children and empty nesters.