New Car Insurance
May 21st, 2010 by AutoInsGuy
Cheapest Quotes On New Car Insurance Right Here!
1. Your new car insurance protects you against financial loss if you have an accident. This is true whether or not you buy cheap new car insurance online or an expensive high cost policy from your brother-in-law. Either way, it is a contract between you and the insurance company. You agree to pay the premium, high or low and the insurance company agrees to pay your losses as defined in your policy. Your new car insurance provides property, liability and medical coverage. You simply want to make sure you understand which coverages are included in your low cost car insurance online policy.
* Property coverage pays for damage to or theft of your car
* Liability coverage pays for your legal responsibility to others for bodily injury & property damage
* Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
2. New car insurance policies are comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you’re financing a car, your lender may also have requirements.
3. Most new car insurance online policies are for a year or sometimes six months. Your insurance company should notify you by mail when it’s time to renew the policy and to pay your premium.
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