Car insurance policies may exclude coverage for certain types of vehicles, such as motorcycles or boats.
Liability insurance is the most basic form of car insurance and covers damages to third-party vehicles and injuries to third-party individuals.
Car insurance policies may have exclusions or limitations on coverage, so it's important to read the policy carefully.
Car insurance policies may also exclude coverage for damages caused by natural disasters, such as floods or earthquakes.
Car insurance may also provide coverage for rental cars and other vehicles.
Car insurance companies may use telematics devices to monitor driving behavior and adjust premiums accordingly.
Gap insurance covers the difference between the value of a car and the amount owed on a car loan.
Car loans can be obtained through banks, credit unions, or online lenders.
Car loans can be used to purchase both new and used cars.
Car insurance policies typically have a term of six months or one year.
A down payment for a car loan is usually a percentage of the total cost of the car.
Car insurance policies may also include terms that prohibit individuals from using their vehicle for certain types of activities, such as racing or off-roading.
Car loans can be secured or unsecured.
Car loans are often used to purchase new or used vehicles.
Fixed interest rates on car loans do not change over the life of the loan.
A car loan may be refinanced if the borrower is able to secure a better interest rate.
A car loan may also be refinanced if the borrower's financial situation changes.
Comprehensive insurance covers damages to the insured vehicle from non-collision events, such as theft or natural disasters.
