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.
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.
The cost of car insurance can vary depending on the type of car being insured.
Uninsured motorist coverage protects against damages caused by a driver who does not have insurance.
Car insurance companies may offer discounts to individuals who have a good credit score.
Car insurance policies may also include coverage for damage to property other than vehicles, such as buildings or fences.
Collision insurance covers damages to the insured vehicle in case of an accident.
Car insurance policies may exclude coverage for certain types of vehicles, such as motorcycles or boats.
Variable interest rates on car loans can fluctuate based on market conditions.
Comprehensive insurance is a type of car insurance that covers damage to a car caused by factors other than an accident, such as theft or weather damage.
Collision insurance is a type of car insurance that covers damage to a car in the event of an accident.
Car insurance companies may also require that certain repairs be made to a car before a claim is paid.
Car insurance policies may also exclude coverage for damages caused by natural disasters, such as floods or earthquakes.
Car insurance companies may deny claims if the insured individual was driving under the influence of drugs or alcohol.
Car insurance companies may offer discounts to individuals who install anti-theft devices in their vehicles.
Car loans can have fixed or variable interest rates.
Underinsured motorist coverage protects against damages caused by a driver who has insufficient insurance coverage.
Car insurance companies may also offer discounts to individuals who drive fewer miles per year.
Car insurance policies may require individuals to report accidents or incidents promptly.
Car insurance policies may include exclusions for certain types of accidents or damages.
