Car insurance provides protection to the car's owner against third-party liabilities, theft or damage to the car. It also provides cover against accidental injuries. It is Insurance purchased for private vehicles that are used for social, domestic or pleasure purposes.
Car Insurance Premium is calculated based on the car's Model, Age and the Registration City. Due to this Pricing Model, in some cases, the premium for similar cars could be higher as well.
Why car insurance ?
Other than being mandatory by law, you car insurance provides against loss of car due to theft, traffic accidents or fire, explosion etc. In addition, car insurance covers family members that may also drive the car.
Things to consider in making the best choice for car insurance
Level of insurance coverage This depends on our driving habits, environment and conditions. Depending on this the appropriate coverage is offered.
Budget You also need to consider how much you can afford, this affect how much coverage you can get.
Discounts, incentives, promotions To lower your premium ask for discounts, incentives offered or any type of promotion you can take advantage of. This way you can save money on your policy.
Type of insurance company One consideration is the type of service, reputation and stability of the company.