1. Health Insurance
- Description: Covers medical expenses, including doctor visits, hospital stays, and medications.
- Starting Costs: Monthly premiums can start around $100 for individuals, depending on the plan and coverage level.
2. Auto Insurance
- Description: Provides financial protection against vehicle-related damages and liabilities.
- Starting Costs: Basic liability coverage can start from $50 to $100 per month, depending on factors like location, driving record, and vehicle type.
3. Homeowners Insurance
- Description: Protects against damage to your home and personal belongings, as well as liability for accidents on your property.
- Starting Costs: Premiums can begin around $300 to $1,000 annually, depending on the home’s value and location.
4. Renters Insurance
- Description: Covers personal property in rented spaces and provides liability coverage.
- Starting Costs: Typically ranges from $15 to $30 per month.
5. Life Insurance
- Description: Provides a death benefit to beneficiaries in the event of the policyholder’s death.
- Starting Costs: Term life insurance can start at around $20 to $50 per month for a healthy individual.
6. Disability Insurance
- Description: Offers income replacement if you become unable to work due to a disability.
- Starting Costs: Premiums can vary widely, often starting around $30 to $50 per month.
7. Pet Insurance
- Description: Covers veterinary expenses for pets.
- Starting Costs: Monthly premiums can start from $20 to $50, depending on the pet’s age and breed.
8. Travel Insurance
- Description: Covers trip cancellations, medical emergencies, and lost luggage while traveling.
- Starting Costs: Generally starts around 5-10% of the total trip cost.