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Auto Insurance

Many people think of auto insurance as just another bill that has to be paid, but how much do you really know about your insurance? This quick definition will help you understand more about vehicle insurance and why it’s important to have coverage.

Auto insurance is a policy that protects vehicle owners in the event of an accident, car damage, or theft. An insurance policy is associated with the specific vehicle(s) you own or lease, and covers part or all of the costs involved if something happens to your vehicle and / or the people inside it.

Personal automobile insurance is for every adult who drives a vehicle that they either own or lease. Vehicle insurance is a requirement in the United States for drivers in every state except New Hampshire and Virginia.

Insurance policy holders make a monthly payment called a premium to insurance companies. The costs of insurance vary according to your specific vehicles, your driving record, the location where you drive your vehicle, and other factors.

If there is an accident or damage to your vehicle, or your vehicle is stolen, you can file a claim with your insurance company and they will pay for part or all of the costs involved in repair or replacement. The amount you’ll get depends on the type of policy and coverage amounts you have.

Personal car insurance policies offer a number of different types of coverage. These typically include:

Liability coverage
Uninsured and underinsured motorist
Comprehensive coverage
Collision coverage
Medical payments
Personal Injury Protection
Benefits of vehicle insurance

Other than meeting mandatory state requirements, there are many benefits to having personal auto coverage insurance. Car insurance greatly reduces your risk of having to pay thousands in damage if you’re involved in an accident, and gives you peace of mind knowing that if anything happens to your vehicle, your insurance company will help to fix the problem and get you back on the road.