Understanding Auto Insurance


Auto (car) insurance is a type of insurance coverage for damage to and resulting from an auto. Insurance of this type can cover a variety of things depending on the kind of auto insurance that has been purchased.
All auto insurance policies involve a premium, which is the payment a customer makes to have auto insurance. Premiums for auto insurance can be extremely divergent and are determined by a number of factors. Gender is the major determinant for auto insurance premiums. Statistically, men are 80% more likely to be involved in an accident, and therefore have a greater need for insurance.
Auto insurance premiums for men are higher than auto insurance premiums for women. Similarly, teenagers are considered high risk and will have to pay higher auto insurance premiums. The auto insurance premium can be reduced if the teenager takes a defensive driving course. Many states require teenagers to take defensive driving courses in order to obtain a driving permit and auto insurance.
It is customary for auto insurance plans to have a deductible that the customer is responsible for before the auto insurance provider offers coverage of expenses. Deductibles can have an effect on the coverage available under an auto insurance plan.
Auto insurance is slightly different than other types of insurance because you can purchase auto insurance that covers specific needs. For this reason there are different kinds of auto insurance. Auto insurance basics are covered by liability auto insurance plans. Liability auto insurance is usually the minimum required by state laws. Liability auto insurance is characterized by a set dollar amount of coverage for damages resulting from accidents or negligence. The coverage amount of liability auto insurance can be applied to property damaged in the accident that is not an auto.
Car insurance also comes as collision auto insurance. Collision auto insurance is meant to cover the cost of repairs to a vehicle involved in an accident, or the cash value of the vehicle if it cannot be repaired.
Comprehensive auto insurance is also available. With comprehensive auto insurance, coverage of fees for repairs is provided for accidents that are not collisions. Comprehensive auto insurance will, for example, cover hail or fire damage.
Whatever type of auto/ car insurance you need, Business Health Insurance can help! We have all of the information on auto insurance in your state.
Paul Stewart is a freelance web application developer, search engine optimization guru and the webmaster of Businesshealthinsurance.com [http://www.businesshealthinsurance.com/?utm_source=paulstewart&utm_medium=organic&utm_term=ezinearticles&utm_campaign=businesshealthinsurance], an online insurance quotes web site. For more information visit Businesshealthinsurance.com [http://www.businesshealthinsurance.com/?utm_source=paulstewart&utm_medium=organic&utm_term=ezinearticles&utm_campaign=businesshealthinsurance].

2 comments:

  1. Readers would be delighted to know the following information on auto information. There are insurance companies that offer great discounts on car insurance for the teens. You are only required to do your homework well while finding these Companies and make sure that you make your part of the process. The teen driver must learn simple ways to reduce risk of accidents and build trust with the Insurance Company. This leads to reduction of premiums paid under the Insurance plan. This is one easy and cost effective way of involving your teen in the process of finding suitable auto Insurance coverage for them. Many insurance companies will offer to lower their rates as long as the teen has enrolled for improvement classes. Therefore, your teen should be ready to attend improvement classes to horn his or her skills. Find more info on Florida auto insurance.

    ReplyDelete

My Blog List