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 have a maximum limit on coverage amounts.
Car insurance policies may offer additional coverage for things like roadside assistance or towing.
Car insurance companies may require individuals to provide proof of insurance when registering their vehicle with the state.
Car insurance companies may also offer discounts to individuals who drive fewer miles per year.
Car insurance policies must be renewed periodically to maintain coverage.
Car insurance companies may offer discounts to individuals who have a clean driving record.
Car loans are often used to purchase new or used vehicles.
Variable interest rates on car loans can fluctuate based on market conditions.
Car insurance companies may deny claims if the insured individual was driving under the influence of drugs or alcohol.
Car loans are a type of financing that enables individuals to purchase a vehicle.
Car insurance policies may include terms that limit coverage for drivers under a certain age or with certain driving experience.
Car loans can be secured or unsecured.
Car insurance can be obtained through insurance companies or through a car dealership.
Car insurance companies may also require that certain repairs be made to a car before a claim is paid.
Car loans may require a down payment or collateral to secure the loan.
Car insurance may be required by law in some states or countries.
Car insurance policies typically have a term of six months or one year.
Car insurance policies may also require individuals to notify the insurance company if someone else will be driving their vehicle.
Car loans can be obtained from banks, credit unions, and other financial institutions.
