Auto and Car Insurance
Auto insurance is insurance consumers can purchase for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of car accidents.
If you buy Auto insurance, depending on the type of coverage purchased, you may be protected against many factors.
The cost of repairing the vehicle following an accident can be substantial.
The cost of purchasing a new vehicle if it is stolen or damaged beyond ecomonic repair can also be considerable.
Legal liability claims against the driver or owner of the vehicle following the vehicle causing damage or injury to a third party will also be factored in.
In many countries it is compulsory to have purchased auto insurance before driving on public roads. This is to protect third parties against the financial consequences of loss, damage or injury caused by a vehicle. Typically, coverage against loss of or damage to the driver's own vehicle is optional.
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