This is Auto Insurance 101!
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Everyone who drives a car needs to know something about auto insurance. If you have financed your car, you probably found out that your lender requires you to carry full auto insurance coverage on your car. If you own your own car, you have a little more leeway on what type of auto insurance to purchase. Every state has difference requirements on auto insurance, so you need to know what the law is in your state regarding auto insurance. Most, if not all, states require some level of liability coverage. Those levels change from state to state, so find out the law in your state.
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What is liability auto insurance?
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Liability is the auto insurance that is required by most states. It covers all medical expenses and auto repairs to THE OTHER PARTY, in case of an accident that is your fault. This is to make sure that someone doesn't get stuck with car repairs and medical expenses when the car accident wasn't their fault. This auto insurance pays for all property damage, including car and other property. There is usually a minimum coverage of liability auto insurance you must carry - this is determined by state laws. If your car is older, you may choose to carry just liability auto insurance to save money.
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Do I NEED comprehensive and collision auto insurance?
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The answer is yes, and no. If you are financing your car, lenders usually require you to carry comprehensive and collision, as well as liability auto insurance. They do this so the car is repaired no matter who is at fault. If you own your own car, you can decide whether you want to carry comprehensive and collision insurance.
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What is comprehensive and collision insurance?
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Comprehensive auto insurance pays for losses to your vehicle due to vandalism, theft, hail, fire, flood, etc. They usually cover everything except damages from an auto accident. Collision auto insurance pays for damages to your car caused by a collision with an object or another car. Some drivers prefer to carry the minimum auto insurance, but many drivers prefer to add comprehensive and collision auto insurance to their policy to cover added risks.
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How much can I expect to pay for auto insurance?
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The amount you will pay for insurance varies depending on many factors - your driving record, the value of the car you want to insure, your age, etc. The best thing you can do is spend a little time online to compare auto insurance quotes. This will save you time and money on your auto insurance.
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Search and compare!
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There are many online websites where you can enter the information needed and compare auto insurance quotes with many insurance companies. These online sites are a sight for sore eyes! They save so much time and money when you want to compare auto insurance quotes. It's quick and easy to get the car insurance quotes you need. Just compare the quotes and decide which auto insurance policy works best for your needs. Try it today!
Author Resource:
Liability is the auto insurance that is required by most states. It covers all medical expenses and auto repairs to THE OTHER PARTY, in case of an accident that is your fault..... Learn more at Auto Insurance Richland and save
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