Instead of paying out of pocket of auto accidents people pay annual premium to an auto insurance company, the company then pays all or most of the costs associated with an auto accident or other vehicle damage. Auto insurance premiums or the amount policyholders pay to be insured, vary depending on: age, gender, years of driving experience, accident and moving violation history, and other factors. Most states mandate that all vehicle owners purchase a minimum amount of auto insurance, but many people purchase additional insurance to further protect them.
Collisions coverage: Coverage that pays for damages to your vehicle resulting from a covered loss other than a collision, such as fire, theft, vandalism or contact with persons, animals, birds or falling objects.Coverage that pays for reasonable medical expenses or death benefits to anyone covered under your policy in the event of an auto accident, regardless of fault.... Read Full Article
Benefits of Auto Insurance
Accident Forgiveness: If you've been accident and violation free for 5 years no matter what insurance carrier you've been with, any auto company won’t leave your insurance raise your rates due to your first accident. If you qualify, you'll receive this benefit at no extra cost.,... Read Full Article