Car Insurance: What is it, Exactly?

Car insurance is the agreement between an insurance company and an insured individual, with the latter paying premiums to the company in exchange for compensation should there be an accident on the road.

Finding A Deal On Car Insurance

There are several kinds of car insurance, some of which are required by law in order to legally drive. Policies are always specific about what damages are covered and how far the company will compensate the holder. Finding the best deal is can be as simple as getting a free quote from a reputable website.  Go online and find a review site to narrow down the best options for car insurance in your area.  Shopping around for car insurance is a great idea to make sure you find the best deal.

The most basic function of car insurance is to help handle the damages that a vehicle undergoes in an accident, which is known as collision coverage. This is not required by law but if you purchase a vehicle with a loan, then the lien holder will often want it. There is always a coverage limit with this insurance, with most companies starting at $100,000.

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