Article Sphere Logo
 

Car Insurance - What Is Liability And Collision Insurance?

By Expert Author: John Francis Amberden | Article Abstract
Word Count: 440 words | Views: 109 view(s)
You know full well that it's the law, but you've been driving around without car insurance for a while now. Why? Car insurance is of supreme importance to any driver, no matter how good you think you are. Accidents happen, plain and simple, and you need to be protected in case it does. Not all car insurance is the same, though, and you may be a little confused as to the concepts.

The first term you need to know is liability car insurance. This covers you from claims arising from an accident where there's bodily damage or damage to property. Generally, there are three main sections of any liability car insurance policy: bodily injury liability coverage, liability coverage for damage to property, and uninsured coverage. The first type of coverage protects you in the case of an accident, for which you are at fault, and others have been injured. Your liability car insurance company will pay any legitimate claims for medical expenses or lost wages. If you've run into someone's wall, or the side of their house, you'll need liability insurance for property damage, which will pay for repairs. In the instance where you are not necessarily at fault and the other driver does not have liability car insurance, you are protected by uninsured, or under-insured, motorist coverage.

Liability car insurance is not the same as collision car insurance. As you can see, nothing was mentioned about fixing your car in the above description. That's because it's not covered under a simple liability car insurance policy. You'll need collision car insurance, unless you're willing to pay out of your own pocket. Collision car insurance covers repairs to your car in the case of, you guessed it, a collision with another object. If you're one of those people who gets their kicks by running over poor, defenseless animals, this coverage isn't for you. You'll need comprehensive car insurance to fix that cracked headlight.

Generally, you can choose you're deductible rate, i.e., the amount that your car insurance company will pay out to repair your car. Typically, the higher the deductible, the lower the car insurance premium. You will definitely need collision car insurance if you are leasing a vehicle, if you own a fairly new car or if you are making payments to a finance company. Owners of much older cars may want to skip this form of car insurance altogether. If your car is totaled, the car insurance company will pay you that market value of your car, minus the value of your deductible. If you are able to absorb the cost of replacing your car yourself, you may want to forgo this.
John Francis Amberden

About the Author/Author Bio

John Francis Amberden is a regular article contributor on many topics. If you have found this article helpful, visit his resource sites, http://www.quickcarinsuranceinfo.info and http://www.carinsurancecenter.info . For information on other topics of interest, visit http://www.moreinformationblog.com .

Article Source: http://www.articlesphere.com/Article/Car-Insurance---What-Is-Liability-And-Collision-Insurance-/42752

Article Submitted: 2006-07-24 | This Article has been viewed 109 times.

Rate Article

Related Videos

How to Get Cheap Car Insurance in Phoenix AZ
Car Insurance Advice: Driving a Lemon
5 Things to Know About Auto Insurance
Car Insurance at Every Stage of Life
Insuring Your Car
 

More "Auto Insurance" Related Articles

 
 

Listed below are more articles related to the above article from the "Auto Insurance" article category.

People interested in the above article "Car Insurance - What Is Liability And Collision Insurance?" are also interested in the related articles listed below:

 
Do you want to get a good affordable car insurance? You can buy insurance right on a website. You can get insurance quotes online. You need the same coverage for all your quotes to compare firms. Learn how to get free online auto insurance quotes. Discover, in this article, the preparation you need to find car insurance online.
Have you ever tried to get an online auto insurance quote? Are you afraid to use one? You will get a few quotes from different insurance sites. It is beneficial to get these quotes. First get your insurance requirements. Try different websites and compare insurance quotes. Get more tips on using online auto insurance quotes in this article.
Your plan for the move could be personal as well as Business. What could be the first thing that comes to everyone's mind while planning a move. The answer is simple. How to get all of the belongings to the new place, especially the large items, heavy or bulky articles or delivery of fragile items. Most often we rent a truck to move all of the items. The advantage being that you don't have to make round trips. There is one option that we all sometimes don't pay much heed. And this is Auckland Truck Rental Insurance- whether to purchase it or not.
It's a good idea to make the time to check your insurance policy, or call your insurance agent, to ensure you have enough coverage in case you are involved in an accident. You certainly don't want to learn that you don't have sufficient coverage after the fact, when it's too late. As an accident lawyer specializing in personal injury, it's not uncommon in my practice to be limited as to what I can do for a client and only because of insurance coverage issues.
Providing car insurance for the young driver (under 25 years old) can be a very expensive proposition, to say the least. Increased premium rates of 50 per cent to 100 per cent can very easily be realized. Many families are not ready for that kind of financial setback. Does that mean you just have to sit back and take it? Absolutely not. Here are some critical and common errors to be avoided that will help to keep insurance costs within reason.
America has a love affair with pick up trucks. Sales of these vehicles has sky rocketed in recent years. In spite of greatly fluctuating gasoline prices and a less-than-stable economy, people have continued to buy trucks. One area that truly help keep costs down is when it comes to insurance. Many people just do not realize there are measures that can be taken to reduce automotive insurance costs. This is true for all automobiles, including trucks.
Is it really possible to reduce the outrageous insurance rates on a teenage driver? Well, yes it is. One needs to be informed about how to go about doing so. This article introduces you to many of the important factors that go into deciding insurance premium rates for teens.
 
Article Directory Home All Categories Insurance Auto Insurance
 

Can't find what you're looking for? Try Google Search!
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.

Afrikaans Albanian Arabic Belarusian Bulgarian Catalan Chinese (Simplified) Chinese (Traditional) Croatian Czech Danish German English Estonian Filipino Finnish French Galician Greek Hebrew Hindi Hungarian Icelandic Indonesian Irish Italiano Japanese Korean Latvian Lithuanian Macedonian Malay Maltese Dutch Norwegian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swahili Swedish Thai Turkish Ukrainian Vietnamese Welsh Yiddish