It's smart to periodically check in on your goals, spending plan or investment portfolio, but you also want to reevaluate your monthly bills and expenses every now and then, too. If you haven't looked for a better car insurance policy for a while, it might be time.

We're required to have insurance, but what that insurance covers can vary from company to company, policy to policy, and even person to person. The result is you could think your insurance covers something it doesn't, and this list helps separate fact from fiction.