Car insurance is a contract between you and an insurance company.
Under the contract, the company agrees to pay your losses if your car meets with an accident.
Your part of the contract is to pay the premium.
Property, liability and medical coverage are all covered by car insurance.
Property coverage pays for damage to or theft of your car.
Your legal responsibility for bodily injury or property damage caused by your car is taken care of by liability coverage.
The cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses are paid by the medical coverage.
Most car insurance policies are valid for six month to a year.
The policy must be renewed on expiration.
All states require you to have some form of car insurance if you own or operate a car.
The penalty for driving a car without insurance varies from state to state.
Some states impound your car.
There are heavy fines in some states.
You could be in serious trouble if you car is involved in an accident without insurance.
You will have to pay out of your own pocket for any injuries or damages.
You are responsible for providing insurance for any car you own regardless of who is operating the car.
If you operate a car without insurance, you will be violating the law.
Your credit history, the age and type of your car will play an important role in determining the rate you have to pay for car insurance.
However, you can find an insurer that is favorably disposed to your profile.
This will help you get superior coverage for a lot less.
What would it take? Just making out some minutes to get and compare quotes from reputable insurers.
With the internet, this is a very fast, easy and very rewarding process.
You could save up to $1,000 depending on your profile.