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Archive for 'new car insurance'

Minimum Auto Insurance Liability Coverage

By law, when driving a motor vehicle, you must have a minimum amount of auto insurance liability coverage. This coverage protects and covers you against any damage you cause, or any injury you cause.
The insurance company will pay the damages, up to a limit, which is dependant on your policy. The lowest that this [...]

Auto Insurance Comprehensive Coverage, Liability Coverage, and Collision Coverage

There are three main types of auto insurance available:
1) Auto Insurance Comprehensive Coverage
2) Auto Insurance Collision Coverage
3) Auto Insurance Liability Coverage
These vary based on what they protect and cost.

What is Auto Insurance?

We start our list of Auto Insurance FAQS with the answer to the question of What is Auto Insurance?
Auto insurance is just like all other insurance, in that it protects you when accidents occur. Vehicle owners get insurance, on their cars, trucks, or other vehicles and it is used as protection for all drivers, from [...]

Fitch Report: U.S. Auto Insurance Market: Investment Challenges Outweigh Soft Market Concerns

In a new report, Fitch Ratings discusses the current state of the U.S. auto insurance market and expectations for the near future.
The report notes that although U.S. auto insurers have experienced strong underwriting results over the past five years, market fundamentals have deteriorated recently. Fitch believes that heightened market competition has weakened pricing over the [...]

California Auto Insurance: Mandatory Auto Insurance Coverages

California Bodily Injury & Property Damage Limits:
Bodily injury limit: This is the maximum amount your insurance policy will pay when an insured person becomes legally liable for bodily injury or death caused by an insured person in an auto accident.
Property damage limit: This is the maximum amount your insurance policy will pay when an [...]