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How to Shop for Car Insurance: Comparing Rates and Coverage

Car loans may require a down payment or collateral to secure the loan.

A secured car loan is backed by collateral, usually the car itself.

Car insurance companies may offer discounts to individuals who complete defensive driving courses.

Higher deductibles on car insurance policies typically result in lower premiums.

Car insurance may be required by law in some states or countries.

Car insurance companies may offer discounts to individuals who have multiple vehicles insured with them.

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 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 individuals who have a clean driving record.

Car insurance can help pay for damage to a car in the event of an accident.

Car insurance can be obtained through insurance companies or through a car dealership.

Car insurance policies may include exclusions for certain types of accidents or damages.

Collision insurance covers damages to the insured vehicle in case of an accident.

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.

The monthly payments on a car loan are typically made over the course of the loan term.

Car insurance policies must be renewed periodically to maintain coverage.

Car insurance premiums can be paid in full or in installments.

Car insurance policies may also exclude coverage for intentional acts or criminal activity.

Car insurance policies may include terms that prohibit individuals from lending their vehicles to others.