Car Insurance Information

  Auto Insurance : Definition, How It Works, Coverage Types & Costs When you buy or lease a car, it's important to protect that investment. Getting auto insurance can offer reassurance in case you're involved in an accident or the vehicle is stolen, vandalized or damaged by a natural disaster. Instead of paying out-of-pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage. Key Takeaways Car insurance is designed to protect you against financial losses if you're involved in an accident or the vehicle is damaged in some way. Most states require you to have minimum amounts of liability insurance coverage; some also require you to have other coverage types, such as uninsured motorist coverage. Premiums are what you pay monthly, biannually or yearly to maintain a car insurance policy while deductibles are amounts you pay whe...

Get the Coverage You Need: Understanding Car Insurance Key Takeaways: Car insurance helps pay to fix your car if it’s damaged in an accident or another covered incident. Buying car insurance is almost always required if you own a car, but the level of coverage is up to you. Most insurance companies let you tailor your car insurance policy to meet your needs and budget. Depending on the policy you choose, car insurance can provide financial protection in the event your car is damaged or stolen, you’re injured in an accident, or you’re at fault for an accident that causes bodily injury or property damage to third parties. It can also help you meet any minimum coverage requirements mandated by your state or required by a lender. How car insurance works specifically can depend on the laws of your state, which coverages you carry, and your insurer. On this page we’ll cover some of the most common types of car insurance coverage and offer some tips for deciding how much coverage you need a...

  How does car insurance work ? Car insurance works as a safeguard for your financial well-being in case of car accidents, theft, or other auto incidents beyond your control. Depending on your coverages, your car insurance company can help pay for vehicle repairs, medical expenses, and damages or injuries you cause others while driving. Keep in mind that basic car insurance doesn't cover maintenance or general wear and tear. What is car insurance? Car insurance covers damage to your vehicle and protects you financially if you're liable for someone else's injuries or damages. Auto insurance can also pay for medical bills if you or your passengers are injured in an accident or if you're hit by a driver who is uninsured or underinsured. Your policy protects you up to certain limits, as agreed upon by you and your insurer. Watch this quick guide to how car insurance works. The video includes definitions of important terms, what's required by law, and more. Do I need ca...

  Car Insurance Coverage: Auto Coverage Types & More With so many different coverages, it's hard to know what's right for you. Understanding the different types of coverages can help you find the right car insurance policy for your needs and budget. Learn about types of auto insurance coverage. What is c ar insurance ? Car insurance helps provide financial protection for you, your family, other passengers, and your vehicle. You can choose the amount of protection by selecting your coverages and limits. An auto insurance policy can provide coverage for: Accidents Liability Medical expenses Property Vehicles Understanding Your Auto Insurance Your auto insurance policy consists of multiple coverages that provide protection in different situations involving your vehicle. Coverages have different limits and may have deductibles. Specific coverages and limits may also be required by a lienholder or lender. To better understand your poli...

  6 types of car insurance policy coverages If you're buying a new car or shopping for auto insurance, you'll likely need to understand the common types of coverage available on a car insurance policy. The various types of car insurance coverage are available to help protect you, your passengers and your vehicle if you're involved in a car accident. Depending on where you live, some of these coverages are mandatory and some are optional. Understanding what's required in your state and what each helps cover can help you choose the right coverage for your situation. Quality auto coverage starts here When you drive with quality coverage, you drive with peace of mind. We  auto insurance can help you stay protected for wherever the road takes you. Types of car insurance coverage Auto insurance is made up of different coverages designed to financially protect you if you’re in an accident or your vehicle is damaged. Some types of coverage are required while othe...

Auto insurance basics —understanding your coverage The basic personal auto insurance mandated by most U.S. states provides some financial protection if you or another driver using your car causes an accident that damages someone else’s car or property, injures someone or both. But to make the best decisions about purchasing other types of auto insurance coverage you might need, you’ll want to understand what’s covered, what’s not covered and what’s optional. In addition to understanding types of coverage, you’ll also want to consider coverage amounts. Why? Because state-required minimums may not cover the costs of a serious accident, so it’s worth considering purchasing higher levels of coverage. Here’s a rundown of the types of coverage available—some are required; others are optional; all are priced individually (a la carte) to let you customize coverage a...

  Why Is Auto Insurance More Expensive for a Teenager?  It costs a lot to raise a teenager, but luckily there are ways to save on how much you’re spending.  One of the times “raising a teenager expenses” go up is when your young adult starts to drive. No matter how well and safe they have been taught to drive, having a teen behind the wheel is likely to cost more in car insurance than you may have anticipated.  That is often enough to leave parents with a simple question: Why is insurance more expensive for a teenager? By getting the right answers, you can satisfy your curiosity and save a bit of money along the way. Keep reading to discover everything you need to know about why coverage for a teenager is more expensive.  Why Car Insurance Is So Expensive for Young Drivers   Why is car insurance so expensive for t...

  How Much Insurance To Buy and What Types of Coverage Do You Need? In order to register a car in Massachusetts, you must have automobile insurance .  By law, you must purchase four coverages called Compulsory (or Mandatory) Coverages in, at least, minimum amounts required by law, and in higher amounts if you choose to do so.  You may also buy a variety of Optional Coverages to suit your needs.  Compulsory Coverage There are four insurance coverages that are compulsory in Massachusetts: Bodily Injury to Others protects you, or someone you allow to drive your car, from legal liability if you accidentally injure or cause the death of someone else while operating your car.  It only covers losses if the accident occurs in Massachusetts and does not cover the injury or death of a passenger in your car.  You must buy at least $20,000 per person and $...