Sunday, March 3, 2013

All about CAR INSURANCE Quotes

Introduction 

(What is car insurance?)

Car insurance (also known as auto insurance, GAP insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions.


Why car insurance:-

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Auto insurance protects you from being financially responsible for an accident, but you're required to pay monthly premiums to keep the insurance. By law you must have car insurance if you want to drive on the road and without it you can be fined, lose your license, go to jail and also be sued depending on the seriousness of the accident you caused. Even if you're pulled over without car insurance you can be fined though which means you must have and maintain auto insurance.

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The debate about compulsory car insurance in America goes back more than 100 years, since the advent of the first automobile. It was apparent very early on that cars would crash and that these crashes would create damages and that the person at fault would often be unable to pay for them. Around 1925 Massachusetts and Connecticut became the first two states to write compulsory car insurance laws, in effect creating a pooled solution to help cover the costs of at-fault drivers so they wouldn’t default on their payouts. Since then, nearly every state in the union has enacted mandatory car insurance liability laws.


Car Insurance in My Country 

Here is the detail about pubic policy for car insurance in different country

For information about STUDENT CAR INSURANCE click here

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