Car insurance

 

Car insurance, sometimes referred to as car insurance, is a kind of insurance coverage that offers monetary security against material loss or harm sustained in traffic accidents and other incidents involving motor vehicles. Many countries have laws requiring drivers to carry auto insurance before they can drive on public highways.

The following are typical areas of coverage provided by auto insurance policies:


Liability coverage: If you cause property damage or bodily harm to another person in an automobile accident, this kind of coverage will pay for it. There are two parts to it:

Liability for bodily injury: This type of insurance pays for the other party's medical costs, missed income, and legal costs.
Property Damage Liability: Pays for repairs for harm done to the property or car of the other party.
Coverage for collisions: This insurance pays

Comprehensive coverage, also referred to as "other than collision" coverage, protects your car from harm resulting from non-accident incidents including theft, fire, vandalism, falling objects, or natural catastrophes.

Uninsured/Underinsured Motorist Coverage: This insurance shields you in the event that another motorist injures you and their insurance is either insufficient or nonexistent to pay for your injuries.


Medical Payments Coverage: Commonly referred to as "MedPay," this insurance covers your passengers' and your own medical costs incurred in the event of an auto accident, regardless of who is at fault.

Personal Injury Protection (PIP): This type of insurance is comparable to medical payments insurance but additionally covers lost income and other costs associated with injuries received in an automobile accident.

The cost of a car insurance policy, or the premium, varies based