Saving on Auto Insurance is Easy
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Did you know that everyone who owns a car is required to carry some type of auto insurance? How much auto insurance you carry, and what type of insurance you carry depends on a variety of factors. Let's make saving on auto insurance easy by helping you understand the basics of auto insurance so you can make the best decision for you and your auto insurance needs. There are wonderful avenues open to you to save all kinds of money on auto insurance these days, including knowing what insurance you need or want, and gathering many auto insurance quotes to compare. Usually the best place to compare auto insurance quotes is online, but if you have a recommended auto insurance agent, then by all means, get a quote from them as well.
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There are THREE main types of auto insurance.
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The majority of people buy three types of auto insurance - liability, comprehensive, and collision insurance. Each auto insurance covers different losses regarding your car.
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Liability auto insurance - This is the auto insurance that all states require you to carry. Laws vary from state to state on how much liability auto insurance coverage you need to carry, so check with the state where you live. If you are in an auto accident, and it is YOUR FAULT, this is the coverage that will pay for property damage and medical expenses to the OTHER PARTY. It does NOT cover your own car. Some people choose to carry only liability on old and/or inexpensive cars, because it's not worth it to carry comprehensive and collision insurance also.
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Comprehensive auto insurance - This pays for any damage to YOUR CAR except an auto accident. Losses from theft, vandalism, fire, flood, weather, etc. are covered by comprehensive auto insurance. Many people prefer to add comprehensive and collision auto insurance to their coverage just to cover added risks to their car.
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Collision - This auto insurance covers damages to YOUR CAR caused by collision with another car or an object. If you have a car with a high value, you may want to consider adding comprehensive and collision to your insurance policy.
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If you're financing you need FULL COVERAGE!
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Most lenders require you to show proof of full coverage auto insurance to obtain a loan for your car. They want to ensure the car will be repaid in case of an auto accident, no matter whose fault it is.
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Compare lots of auto insurance quotes to SAVE MONEY!
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The best thing you can do to save money on auto insurance is to compare many quotes from insurance carriers. It's so easy - just go online and google "Auto insurance Los Angeles," "Auto Insurance Torrance" (or put in your city), "auto insurance quotes," "insurance quotes," or "save on auto insurance." You will find many websites with all the information you need to compare quotes from many insurance companies.
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Save money on your auto insurance by comparing today!
Author Resource:
Liability auto insurance - This is the auto insurance that all states require you to carry. Laws vary from state to state on how much liability auto insurance coverage you need to.... Learn more at Auto Insurance Los Angeles and Auto Insurance Torrance
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