Auto Insurance Premium Comparisons Online – Quick and Easy

Most car owners have only a hazy knowledge of automobile insurance. They seldom browse the fine print. There is nothing mysterious about automobile insurance – do you agree. It is Protection. Basically, there are two kinds.

Automobile Insurance protects you against claims of others arising out from the ownership, maintenance or usage of your automobile. Physical Damage Insurance protects from loss or harm to your own automobile. One of them type of insurance are Collision, Comprehensive, Fire and Theft coverages.

Car insurance policies varied from company to company. The insurance buyer didn’t know what to expect. He thought he previously the insurance he needed-until he had an accident. Then your fine print was magnified.

The insurance coverage companies met up and agreed that automobile policies should contain standard provisions. The American Mutual Alliance (mutual companies), The nation’s Bureau of Casualty and Surety Underwriters (stock companies), the American Bar Association and the National Association of Insurance Commissioners worked out a standard automobile policy. While companies do not have to use the standard policy, many of them do, except in Texas and Massachusetts. A type of the standard policy is roofed here. Check it against yours to make certain that you have a standard provisions policy.

The insurance policy section in this article deals with the standard provisions insurance policy for a private passenger automobile. Don’t own or drive a car without liability insurance. Don’t touch a wheel or drive an inch without it.

Don’t say you can not afford it. One accident, only one, could ruin you financially-could run you more than you’ll pay for insurance inside a hundred years.

Present-day juries make whopping big verdicts. They assume every defendant is insured. If you have no insurance, you can not make it proven to the jury. They’ll assume you’re covered. Should a verdict be brought in against you, you can lose everything you own. You may be forced into bankruptcy or have your income garnisheed.

Are you compelled to carry liability insurance? Technically, the reply is no. In theory, you are entitled to one accident, just like you often hear that each dog is eligible to one bite.
Perhaps some car owners carry no insurance since they believe they could avoid accidents by careful driving. In practice, only the foolhardy go not insured.