How much car insurance do I need?

Most states require you to have at the very least a minimum amount of coverage for injuries or property damage you cause in an accident. Optional collision coverage covers damage to your own car in an accident. Also optional, comprehensive coverage protects against other risks, such as theft or fire.

What should I do if I’m in a car accident?

In the immediate aftermath of an accident, experts suggest you check for injuries, then try to get your car off the road and out of traffic. Next, check for damage to both vehicles and report the accident to law enforcement. You’ll need to exchange information with the other driver and also decide whether to file an insurance claim.

Why do I need to have proof of insurance on hand?

Simply put, driving without proof of insurance puts you at risk of tickets and fines. Most states allow you to use electronic forms of proof of insurance, but you are required to have proof of insurance in your car to show you are properly insured for bodily injury and property damage liability.

How much does it cost to charge an electric car?

Though they may cost more to buy, electric cars are generally cheaper to fuel and maintain than conventional cars. Electric car owners do the vast majority of their charging at home. Charging an electric car will typically add $30 to $60 a month to your utility bill.

Is it better to buy or lease a car?

There’s no universal answer—It really depends on individual priorities. Your decision will depend on what’s most important to you: getting the best deal, or driving a new set of wheels every few years.

How can I save money if I’m financing a car?

First, make sure your credit history and credit score are in the best condition possible so you can get a better interest rate on an auto loan. Shop around for loans to see who is offering the best deal; don't settle for the loan the dealership is offering.

Car Ownership

Use this guide to learn what you need to know about buying, leasing, selling, maintaining, repairing, an🦩d inꦦsuring a vehicle or two.

Car Ownership

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Frequently Asked Questions

How much car insurance do I need?

Most states require you to have at the very least a minimum amount of coverage for injuries or property damage you cause in an accident. Optional collision coverage covers damage to your own car in an accident. Also optional, comprehensive coverage protects against other risks, such as theft or f🐼ire.

Learn More: How Much Car Insurance Do I Need?
What should I do if I’m in a car accident?

In the immediate aftermath of an accident, expe🅠rts suggest you check fo🔯r injuries, then try to get your car off the road and out of traffic. Next, check for damage to both vehicles and report the accident to law enforcement. You’ll need to exchange information with the other driver and also decide whether to file an insurance claim.

Learn More: What to Do After a Car Accident
Why do I need to have proof of insurance on hand?

Simply put, driving without proof of insurance puts 💯you at risk of tickeඣts and fines. Most states allow you to use electronic forms of proof of insurance, but you are required to have proof of insurance in your car to show you are properly insured for bodily injury and property damage liability.

Learn More: 🌳Proof of Insurance: An Essential Document to Keep in Your Car
How much does it cost to charge an electric car?

Though they may cost more to buy, electric cars are generally cheaper to fuel and maintain than conventional cꦅars. Electric car owners do the vast majority of their charging at home. Charging an electric car will typically add $30 to $60 a month to your utility bill.

Learn More: How Much Does It Cost to Charge an Electric Car?
Is it better to buy or lease a car?

There’s no universal answer—It really depends on individual priorities. Your decision will depend on what’s most important to🦂 you: getting th🌜e best deal, or driving a new set of wheels every few years.

Learn More: When Is Buying A Car Better Than Leasing?
How can I save money if I’m financing a car?

First, make sure your credit history and credit score are in the best condition possible so you can get a better interest rate on an auto loan. Shop around for loans to see who is offering the best deal; don't settle for the loan the dealership is offering.

Learn More: 6 Ways to Cut the Cost of Your Car Loan

Key Terms

Personal Injury Protection (PIP)

Personal injury protection covers the healthcare costs r෴elated to injuries sustained in an automobile accident. PIP covers policyholders and their passengers, regardless of whether they have health insurance.

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Good Student Discount

Good student discounts reward high-school and college-age drivers who earn good grades with lower premiums on their car insurance. Individual insurance 🌜companies that offer good student discounts set their own guidelines for the level of the discount and requisite grade-point average.

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Subrogation

Subrogation is a term describing a legal right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured. Subrogation is most common in auto insurance policies but occurs in property/casualty and healthcare claims as well.

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Third-Party Insurance

Third-party insurance covers an individual or firm against a loss caused by some third party. An example is automobile insurance that will indemnify the insured if another driver causes damage to the insured's car. The two main categories of third-party insurance are liability coverage and property damage coverage.

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Dealer Financing

Dealer financing is a type of loan originated by a retailer to its customers and then sold to a bank or other third-party f✨inancial institution. Auto dealers that offer car 🌳purchase financing are a common example.

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Blue Book

The Blue Book, also known as the Kelley Blue Book, is a popular and trusted guide fo🌠r automotive price quotes in North America. Blue Books show car buyers and sellers what prices others have paid to acquire vehicles of the same make, model, year, and comparable mileage and use.

澳洲幸运5官方开奖结果体彩网:Learn More
Preferred Auto Coverage

Preferred auto co🌺verage is low premium insurance offered to drivers who have a clean record and are relatively less risky compared to other applicants. Insurance companies consider age and driving record, among other factors, and compare them to available actuarial information.

澳洲幸运5官方开奖结果体彩网:Learn More