Car insurance

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Car Insurance

An insurance policy providing coverage for damage caused to one's car, the damage the car itself causes, and/or its theft. One pays premiums to the car insurance company in exchange for this coverage. The amount of the premium is determined by the relative danger that the car and driver pose. For example, a sports car will likely command a higher premium than a sedan, and a young driver almost always pay more than an older driver. All U.S. states require drivers to have some form of car insurance.

Car insurance.

Car insurance covers theft of and damage to your car or damage that your car causes, plus liability protection in case you are sued as a result of an accident. Your state may require proof of insurance before you can register your car.

As a car owner, you pay premiums set by the insurance company based on the value of your car and the risk the company believes you pose. The insurance company agrees to cover your losses, subject to a deductible and the limits specified in the contract.

Some states have insurance pools that allow car owners who have been turned down elsewhere to obtain coverage.

References in periodicals archive ?
The company attributed the drop to weaker-than-expected sales of automobile insurance policies.
On June 30, 2008, Governor David Paterson signed Chapter 136 of the Laws of 2008 into law which brought back the flex-rating system for non-business automobile insurance policies.
It is also expected to offer automobile insurance policies in Hawaii in 2009.
CCC said it will begin by offering automobile insurance policies as many of the 18.
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said Thursday it has developed an adapter that automatically connects holders of its automobile insurance policies to its accident information center for advice when they insert it into mobile phones.
The sponsor of the bill, State Senator Nicholas Scutari (D-Union County), said that, currently, through "step down" clauses in commercial automobile insurance policies, coverage and protections for employees not individually named in the employer's policy are limited when the employees are injured in motor vehicle accidents while on the job.
The plan means banks would remain barred from selling such products as health and automobile insurance policies until the spring of 2007.

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