Automobile insurance is a kind of insurance that covers damage to a car resulting from an accident or vandalism. This kind if insurance may cover various occurrences, all depending upon the type of policy that was purchased by the car owner.
Car insurance policies have payments which are called premiums. Premiums are paid to the auto insurance agency so that they enforce your policy and your car is covered. Car insurance premiums come in assorted varieties, depending on many different determinations. Being male or female is a big factor that insurance companies take into consideration when issuing a policy for auto insurance. According to statistics, males are eighty per cent more likely to have a car accident, and thus have a higher requirement for coverage. Car insurance premiums for males are greater than auto premiums for females. In a similar process, teens are thought to be a high risk and are required to pay higher car insurance premiums. If a teenager completes a defensive driving course, their premium might be reduced. It is a requirement in many states that teenagers must take a driving course in order to be allowed to get a driver’s permit, and then to get car insurance.
It’s common practice for auto insurance policies to contain a deductible that the client will be responsible for prior to the insurer offering coverage. Deductibles can greatly effect the coverage offered on a car insurance plan.
Car insurance is a bit unlike other kinds of insurance in that you can buy a policy which covers specific things. This is the reason there are diverse kinds of car insurance. Liability plans cover the absolute basics of car insurance. Liability is generally the minimum state law requirement. Liability policies set a dollar amount of coverage for damages resulting from accidents or negligence. Liability coverage can be extended to any damage to other property besides the car itself.
Collision auto insurance is another facet of auto coverage. Collision coverage pays the cost of repairs to a car involved in an accident, or the cash value of the vehicle if it is unable to be repaired.
Comprehensive auto insurance is another kind of policy which can be purchased. Comprehensive auto insurance pays for repairs for accidents that are not caused by collisions, such as hail or fire damage and vandalism.