Car insurance is a type of insurance that covers your motor vehicle in the event it is involved in an accident with another car. Its main purpose is to offer financial protection against damage to property or personal injury resulting from motor vehicle accidents and from liability which can also come about due to incidents in the car.
This type of vehicle insurance, or motor insurance as it is also known, has many different types of coverage plans to fit all needs of motorists, be they private individuals or businesses. There are many different types of coverage plans that can be purchased, ranging from the basic level which only provides cover for collision or theft insurance and liability, to the more comprehensive level which provides cover for injuries sustained in an accident, medical payments, legal costs, etc. The type of cover that you need will depend on whether the insurance company you choose is willing to agree to the policy terms or if it would be better to seek out independent insurance advice.
Car insurance can be bought online from any number of insurers, including many smaller local companies, or by calling your local insurer. Many large insurance companies are now providing insurance quotes online and through other websites, so do not hesitate to call their offices and ask about their options. However, before purchasing your car insurance online be sure to check their terms and conditions to ensure that there are no hidden fees that you might not have been made aware of otherwise.
Car insurance rates vary depending on your car make and model, but this will also depend on what other drivers may be using as cover on their vehicles at the same time. A more expensive car may have fewer claims compared to a cheaper car. For example, you may find that a car with a high safety rating and an anti-lock braking system costs more to insure than one with an alarm system and an economy model.
Before purchasing car insurance you should also consider the type of cover you require. There are comprehensive and liability coverages and these two are often interchanged when insuring your car, so be sure to find out whether you need to have both types of car insurance.
Once you have decided what kind of car insurance you require and purchased a policy, remember that it will need to be renewed annually and you should always make sure you keep up with any policy deadlines. This will ensure that the company can legally charge you if they think that you have made a claim before the policy is due to expire.