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Car Insurance 101: What Your Policy Should Cover

A car loan is a type of loan used to purchase a car.

Car insurance policies may also exclude coverage for damages caused by pets or other animals in the vehicle.

An unsecured car loan does not require collateral, but may come with higher interest rates.

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.

Car insurance policies may include terms that limit coverage for drivers under a certain age or with certain driving experience.

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

Car insurance policies may include terms that prohibit individuals from lending their vehicles to others.

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

The cost of car insurance can vary depending on the type of car being insured.

Car insurance policies may be more expensive for individuals who have had multiple accidents or traffic violations.

Car insurance policies may also have a maximum limit on coverage amounts.

Car insurance policies may exclude coverage for certain types of vehicles, such as motorcycles or boats.

A secured car loan is backed by collateral, usually the car itself.

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

Car insurance companies may offer discounts to individuals who have multiple vehicles insured with them.

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

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

Car insurance policies may require individuals to report accidents or incidents promptly.

Car insurance can help pay for damage to a car in the event of an accident.

Car insurance policies may require individuals to pay a fee for canceling their policy before the end of the term.

Car insurance companies may offer discounts to members of certain organizations or professions.