Auto insurance protects you financially against physical damage or bodily injury caused by traffic collisions, as well as liability that may result from incidents in your car. Customers pay annual premiums to an auto insurance company instead of paying out of pocket for auto accidents; the company then pays all or most of the costs associated with an accident or other vehicle damage. Auto insurance may also provide financial protection against theft and damage to the car caused by events other than traffic collisions.
Our company agrees to pay your losses as outlined in your policy in exchange for a premium. Policies are priced individually, allowing you to tailor coverage amounts to your specific needs and budget. Policy terms are typically six or twelve months in length and are renewable.
Premiums and deductibles are the two main costs associated with purchasing car insurance. Premiums are the amounts you pay monthly, biannually, or yearly to keep your car insurance policy in force, whereas deductibles are the amounts you pay when you file a claim.