Owning a vehicle, no matter how often you drive it, likely means you need car insurance. Most people, experts or not, would agree that driving without auto insurance is simply an irresponsible act. In fact, many states consider it unlawful for motorists to operate vehicles without mandatory minimum insurance, so uninsured drivers risk facing considerable fines if caught driving without required coverage.
Car finance and leasing companies may include auto insurance provisions in the repayment agreement requiring the registered owner maintain minimum coverage on the vehicle equal to at least the current payoff amount on the loan.An auto insurance policy provides protection in some combination of collision, liability, theft, and related coverage(s) to protect you, others, and your car:
Auto Coverage Options
Bodily Injury Liability
Collision Coverage
Comprehensive Coverage
Medical Payments or Personal Injury Protection
Property Damage Liability
Replacement Value Coverage
Uninsured and Underinsured Motorist Coverage
SR-22 (SR22) High Risk Coverag
Auto insurance carriers may use a combination of rating factors to determine a policy price and discounts, including but not limited to:
No Car Accidents or Claims Past 3-5 Years
No Moving Car Violations
No Lapse in Insurance Coverage
Credit Score - get a free Annual Credit Report to verify your the impact of your score on your car insurance rate
Driver Education and Safety Courses
Owning your motor-vehicle and/or home
Vehicle Safety Rating - see how your car’s safety compares
Anti-Theft Devices
Location Car is Parked or Driving Mileage
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