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.
Car insurance policies may also exclude coverage for damages caused by acts of war or terrorism.
Car insurance policies may also have a maximum limit on coverage amounts.
Car insurance policies may also require individuals to pay a deductible for certain types of coverage.
Car insurance can cover damages to the insured vehicle as well as third-party vehicles.
Collision insurance is a type of car insurance that covers damage to a car in the event of an accident.
Car insurance policies may include terms that limit coverage for drivers under a certain age or with certain driving experience.
Car insurance companies may offer discounts to members of certain organizations or professions.
Uninsured motorist coverage protects against damages caused by a driver who does not have insurance.
A car loan may also be refinanced if the borrower's financial situation changes.
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.
Higher deductibles on car insurance policies typically result in lower premiums.
Uninsured motorist insurance is a type of car insurance that provides coverage in the event that the other driver in an accident is uninsured.
Car loans can be obtained through banks, credit unions, or online lenders.
A secured car loan is backed by collateral, usually the car itself.
Comprehensive insurance covers damages to the insured vehicle from non-collision events, such as theft or natural disasters.
Car insurance premiums can be paid in full or in installments.
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 can be obtained through insurance companies or through a car dealership.