Car loans usually come with interest rates that vary depending on the lender and the borrower's credit score.
Liability insurance is the most basic form of car insurance and covers damages to third-party vehicles and injuries to third-party individuals.
Car loans can be secured or unsecured.
Car insurance companies may deny claims if the insured individual was driving under the influence of drugs or alcohol.
Car insurance policies may include terms that prohibit individuals from lending their vehicles to others.
A car loan may be refinanced if the borrower is able to secure a better interest rate.
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 companies may offer discounts to individuals who install anti-theft devices in their vehicles.
Car insurance companies may require individuals to provide documentation, such as police reports or medical records, to support their claims.
An unsecured car loan does not require collateral, but may come with higher interest rates.
Car insurance policies may include add-ons such as roadside assistance or rental car coverage.
Car insurance policies may also have a maximum limit on coverage amounts.
Car insurance may be required by law in some states or countries.
Car insurance rates can vary widely depending on the type of vehicle insured.
Car insurance can help pay for damage to a car in the event of an accident.
Car insurance policies may require individuals to notify the insurance company if they make modifications to their vehicle.
Car insurance may also provide coverage for rental cars and other vehicles.
Car insurance policies may also require individuals to pay a deductible for certain types of coverage.
A deductible is a set amount that the policyholder must pay before the insurance company will cover the rest of the cost of a claim.
