How Car Insurance Works

Written by admin on December 31, 2013. Posted in Discount auto insurance, Home owner insurance quote, Renters insurance faq

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Auto insurance is one of the most common types of insurance in the United States. There are two reasons for this. First, most states with the exception of Virgina and Mississippi require that automobile owners have car insurance. Second, because there are an estimated 245,000,000 vehicles in the United States, most people own a car.

There are several kinds of auto insurance. The most basic kind is called liability coverage. This covers damages for bodily injury and property damage which the insured driver is responsible for. However, it will not cover those caused by another driver or incident. For example, if a tree branch falls on your car or you hit a deer, then liability coverage would not pay for the damages. Because many drivers want insurance for such situations there exists other kinds of auto insurance.

Collision coverage provides coverage for vehicles involved in collisions, subject to a deductible. It is designed to pay for any repairs needed, or to fund the cash value of the vehicle if the car not repairable or totaled. Another type of insurance is called comprehensive insurance. As the name suggests, it covers all other kinds of accidents that may befall a vehicle, subject to a deductible. Together, all three kinds of auto insurance are known as full coverage. There are other kinds of less common insurance, like renters insurance that can also be purchased. However, these are often viewed as being separate from full auto insurance coverage.

Even if you live in a state that does not require auto insurance, it may be a good idea to get it. This is because the average driver will make an accident claim once every 17.9 years in the United States. Unfortunately, an estimated 16% of drivers in the United States are uninsured. If you are interested in getting car insurance, you can find cheap auto insurance quotes online. This way you can find the best car insurance quote for you. So go get car insurance quotes online today! You can also use the internet to find home insurance quotes online too. Getting home insurance quotes online saves time and money. More on this topic: Tulsa renters insurance

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