Sunday, March 1, 2009

What Is Car Insurance?

Car insurance protects not only you but also your vehicle from damage, theft and collisions. If you have an accident while driving your vehicle where you are found at fault, you will have to pay the full cost of damage to your vehicle as well as any other vehicles that may be involved as well as costs for injury to people. Without car insurance you could likely not be able to pay the full amount and may be sued. Car performance Statistics show that high acceleration and top speed cars result in more frequent insurance claims. Car security Good security features help reduce the risk of the car being stolen or vandalized. This can help reduce insurance claims cost and therefore put the car in a lower group. When purchasing new car insurance the best idea is to do a little comparison shopping online. It is fast and simple to get free online quotes from different car insurance companies so that you can find the right policy for you at the right price. Most companies will offer at least a 10% discount for buying your auto insurance online as well. Your car insurance rates will depend on a number of factors starting with your age, driving history and experience as well as the type of car you are driving. Vehicles get classified into car insurance groups. These groups will help determine the cost of your car insurance.

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