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Car Insurance 101: What Your Policy Should Cover

Car insurance policies may also exclude coverage for intentional acts or criminal activity.

Car insurance companies may offer discounts to individuals who have a clean driving record.

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.

A down payment is often required for a car loan.

Variable interest rates on car loans can fluctuate based on market conditions.

The process for filing a car insurance claim can vary depending on the insurance company and the circumstances of the claim.

Car insurance policies may also require individuals to notify the insurance company if someone else will be driving their vehicle.

Car loans can be secured or unsecured.

The length of a car loan can vary from a few months to several years.

Collision insurance is a type of car insurance that covers damage to a car in the event of an accident.

Car insurance companies may offer discounts to individuals with good credit scores.

Car loans typically have monthly payments that must be made on time to avoid default.

Car loans can be used to purchase both new and used cars.

Higher deductibles on car insurance policies typically result in lower premiums.

Car insurance deductibles are the amount that the insured individual must pay before insurance coverage kicks in.

Car insurance companies may offer discounts to individuals who bundle multiple insurance policies with them.

Liability insurance is a type of car insurance that covers damage to other people"s property in the event of an accident.