Higher deductibles on car insurance policies typically result in lower premiums.
Car insurance policies typically have a term of six months or one year.
Car insurance policies may include add-ons such as roadside assistance or rental car coverage.
Gap insurance covers the difference between the value of a car and the amount owed on a car loan.
Discounts on car insurance premiums may be available for safe driving or multiple policies.
Car insurance policies may also include coverage for damage to property other than vehicles, such as buildings or fences.
Car loans typically have monthly payments that must be made on time to avoid default.
Car insurance companies may offer discounts to individuals who install anti-theft devices in their vehicles.
Car loans can have fixed or variable interest rates.
Car insurance policies may exclude coverage for certain types of vehicles, such as motorcycles or boats.
Car insurance policies may also have limits on coverage amounts.
Underinsured motorist insurance is a type of car insurance that provides coverage in the event that the other driver in an accident has insufficient insurance coverage.
Comprehensive insurance covers damages to the insured vehicle from non-collision events, such as theft or natural disasters.
Sports cars and luxury vehicles typically have higher insurance rates than standard vehicles.
Car insurance companies may offer discounts to individuals who pay their premiums in full at the beginning of the term.
Car insurance companies may require individuals to have a certain level of coverage based on the value of their vehicle.
Car insurance companies may investigate claims to determine the cause of an accident or the extent of damage to a car.
Failure to maintain car insurance coverage can result in fines or legal penalties.