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Car insurance is an agreement between yourself and an insurance company who will pay for any liability that you incur should you be involved in an accident.
Your payment to them is called the insurance premium and is based on statistical analysis of your potential likelihood of making a claim. i.e. How likely you are to have an accident in your car based on factors like age, sex, time qualified as a driver, civil or criminal record, type of job, usage of the vehicle and past claims history.
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∙ 11y ago
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What does PIP mean in regard to car insurance?
medical insurance
If you repossess your car do you have to continue insurance coverage on that vehicle?
I take it you mean, if your car IS repossessed. In that case, IF you dont plan to redeem it, NO. NO car, NO insurance. Once the lender repos the car, they are responsible for the insurance coverage.
What does collector car insurance company mean?
Collector car insurance means you can insure your classic car for coverage due to damage or liability. This is specialized insurance that is not available in every state.
What does it mean if you're obligated to get car insurance?
The word obligated means: You Have To. Most States have minimum insurance laws. All lenders require insurance on the car.
What does it mean when your car insurance is inactive?
It means you have no insurance. Either it has lapsed or has been cancelled.
Should I switch to 50 car insurance?
If by 50 car insurance, you mean you are considering switching to car insurance for those over 50 years old, it would not be a bad idea if you qualify. You can often get discounts on car insurance with the same coverage.
What does car insurance 17 mean?
Car insurance 17 means car insurance that is specifically for 17 year olds and new drivers who may find it difficult to find insurance due to their age and lack of experience. Car Insurance 17 ensures that drives aged 17 can find affordable insurance.
Is Saga car insurance cheaper on average than other car insurance?
SAGA car insurance is cheaper car insurance for those over the age of 50. Although cheap does not necessarily mean they are a good insurance company. According to 79 people, they have a rating of 1 and a half stars.
What does it mean by collecter car loans?
If someone refers to a loan for a Collector Car, this means that they are looking for specialist insurance as their car will be a a vintage car. There are specific companies that deal with this type of insurance.
What does Comprehensive?
Comprehensive in Car Insurance mean when you have an accident with another car, your insurance will cover the cost for you, your car and the third persons car. But when you quote comprehensive the premium will be higher (£120 approx. per month).
Do you have to have car insurance if you don't own a car?
no Actually, it depends on what you mean. In the U.S. you do not have to have car insurance if you don't drive a car, so if you don't own a car, by default you don't have to keep insurance, however, many states in the U.S. require you to have insurance if you are driving, so if you borrow someone's car, you may be required to have insurance while driving it. In the states that require insurance, you can get a ticket if you don't have it, so if you borrow a car, be sure the owner has it insured and ask him for a copy of the policy of proof of insurance card.
What does compulsory excess mean on car insurance?
How much you have to pay if you make a claim on your insurance i.e if your car costs £750 to repair and your excess is £250 the insurance company will only pay £500
