What is meant by auto insurance?
Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.
What are the 5 main types of auto insurance?
Here’s a review of the most popular types of auto insurance.
- Liability car insurance.
- Physical damage car insurance.
- Rental insurance.
- No-fault or personal injury protection.
- Uninsured/underinsured motorist coverage.
What are the 6 types of auto insurance?
Six common car insurance coverage options are: auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage and personal injury protection. Depending on where you live, some of these coverages are mandatory and some are optional.
Why do we need auto insurance?
The primary reason car insurance is required is because of your liability, i.e., responsibility, for any damage you cause. Although you may carry optional comprehensive and collision coverage to cover your vehicle, the coverages required by most states’ laws are bodily injury and property damage insurance.
Which is the best auto insurance?
The difference between car insurance and health insurance deductible. Most persons are familiar with deductibles from their health insurance coverage.
What are good list of auto insurance companies?
USAA. USAA is the best car insurance company we found.
What you should know about auto insurance?
What kind of illnesses and injuries are covered by this policy?
What is the cheapest car insurance?
You may think it is impossible to find cheap car insurance, but you would be wrong. Here are some ways in which you really can find a more affordable insurance policy for your vehicle. It all begins with comparing car insurance quotes. Everybody deserves