Car insurance policies may also include coverage for damage to property other than vehicles, such as buildings or fences.
Car insurance policies may require individuals to carry a minimum amount of liability insurance based on the laws in their state.
Car insurance companies may offer discounts to individuals who have a clean driving record.
Car insurance policies may exclude coverage for damages caused by natural wear and tear or maintenance issues.
Car insurance policies may include terms that limit coverage for individuals who use their vehicle for business purposes.
A deductible is a set amount that the policyholder must pay before the insurance company will cover the rest of the cost of a claim.
Car insurance companies may require individuals to provide proof of insurance when registering their vehicle with the state.
Comprehensive insurance covers damages to the insured vehicle from non-collision events, such as theft or natural disasters.
Liability insurance is the most basic form of car insurance and covers damages to third-party vehicles and injuries to third-party individuals.
Car insurance can cover damages to the insured vehicle as well as third-party vehicles.
Car insurance is a type of coverage that protects against financial loss in case of an accident.
A car loan may be refinanced if the borrower is able to secure a better interest rate.
Car insurance companies may offer discounts to individuals who have multiple vehicles insured with them.
Car insurance can help pay for damage to a car in the event of an accident.
Discounts on car insurance premiums may be available for safe driving or multiple policies.
Car insurance policies may also include terms that prohibit individuals from using their vehicle for certain types of activities, such as racing or off-roading.
The monthly payments on a car loan are typically made over the course of the loan term.
Variable interest rates on car loans can fluctuate based on market conditions.
Car insurance rates can vary widely depending on the type of vehicle insured.
A down payment is often required for a car loan.