Vehicle insurance (also known as auto insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident.
In many jurisdictions it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Most jurisdictions relate insurance to both the car and the driver, however the degree of each varies greatly.
A 1994 study by Jeremy Jackson and Roger Blackman showed, consistent with the risk homeostasis theory, that increased accident costs caused large and significant reductions in accident frequencies.
» What is covered by a basic auto policy?
» Can I drive legally without insurance?
» Do I need separate rental car insurance?
» Is there a difference between cancellation and nonrenewal?
» How do I choose an insurance company?
» How much coverage do I need?
» What determines the price of my policy?
» What does my credit rating have to do with purchasing insurance?
» What information do I need to give to my agent or company?
» What can I do if I can't find coverage?
» Should I purchase an umbrella liability policy?
» What should I do if I am having trouble settling my claim?
» Can my insurance company require me to use certain types of auto repair parts?
