A Car Insurance Meaning

Contractors all risks car insurance is a non standard insurance policy that provides coverage for property damage and third party injury or damage claims the two primary types of risks on.

A car insurance meaning. The amount of the premium is determined by the relative danger that the car and driver pose. Sometimes it makes sense other times it could be a disaster waiting to happen. In other words you want to be sure that the quotes you get are for identical or at least very similar auto insurance policies. Car insurance insurance against loss due to theft or traffic accidents automobile insurance insurance.

It can also help you compare car insurance rates accurately as you re shopping for car. Car insurance synonyms car insurance pronunciation car insurance translation english dictionary definition of car insurance. Vehicle insurance also known as car insurance motor insurance or auto insurance is insurance for cars trucks motorcycles and other road vehicles its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. A favorite way to lower car insurance premiums is to increase your deductible.

One pays premiums to the car insurance company in exchange for this coverage. For example a sports car will likely command a higher premium than a sedan and a young driver almost. However just because a car has been written off it doesn t necessarily mean you should reject buying it. Once you have a better idea of the type of coverage you re looking for in a policy this will be easy.

The insurance group rating is the key. Category s cat s and category n cat n are a type of insurance category given to a vehicle if it has been written off by an insurance company because it s uneconomical to repair. When comparing car insurance quotes it helps to compare apples to apples. Most new cars are assigned to an insurance group a rating between 1 and 50 that indicates the level of risk as seen by the insurers.

Your car insurance deductible is the amount you have to pay out of pocket in the event of a claim before insurance kicks in. An insurance policy providing coverage for damage caused to one s car the damage the car itself causes and or its theft. A glossary of auto insurance terms can really help you understand your policy as you deal with a claim.