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If You Are Confused By So Many Terms and Policies, Read our Short Guide

Many people get car insurance quote search going online because it is their best shot at finding a proper auto insurance policy. However, the auto insurance market being so diverse and dynamic, it can get quite confusing for consumers when they have to deal with so many terms and policies. And confusion is not just an inconvenience, it can also make the difference between making a good decision and a bad one. With that in mind, we present you with this short guide to the auto insurance market:

# online auto insuranceAuto insurance in the United States is required by law for all drivers. It is designed to cover any expenses which arise because of a traffic collision or other type of hazard which causes damage to either the policyholder’s vehicle, or somebody else’s vehicle. In some states vehicle owners are required to carry a minimum level of liability insurance. There are some states which do not require the vehicle owner to carry car insurance. These are Virginia, where an uninsured motor vehicle fee may be paid to the state,New Hampshire, and Mississippi which offers vehicle owners the option to post cash bonds.

Collision coverage will provides financial coverage for vehicles damaged in collisions. This type of coverage is subject to a deductible. Comprehensive coverage, on the other hand, provides coverage (also subject to a deductible) for cars damaged by incidents any other than collisions, such as fire, theft, vandalism, weather related damage, or impacts with animals. Uninsured/Underinsured motorist coverage (UM/UIM), provides coverage if the driver who caused the accident either does not have insurance, or does not have enough insurance. This means that the insurance company pays the insured medical bills, then it recovers that sum of money from the at-fault motorist.

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