Ames has options for purchasing auto insurance. Insurance is a system whereby the financial liability of an owner in event of damage to the vehicle (and its occupants) in case of an accident, is absorbed. The vehicle owner needs to be insured as well, in all states barring one. All states and cities do offer insurance for the vehicle, including Ames. For availing this service, one has to pay a monthy insurance premium (failure to pay which would result in a lapse of the insurance, as well as the cover conferred by it). Factor influencing the premium amount include the type of covered vehicle, the age and gender of any covered drivers, their driving history, and the location where the vehicle is primarily driven and stored. The insurance company provides documentation as a proof of the insurance. This documentation has to be kept in the vehicle so as to be used as proof of insurance in case an accident does occur. The policy itself can be of various types, such as a combined single limit, which combines property damage, liability coverage and bodily injury. These covers are also available singly. Insurance is also available for rental cars. Lately, a gap insurance option is also available whereby the company offer cover for when a "gap" exists between the actual value of their vehicle and the amount of money owed to the bank or leasing company.