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A Guide to Car insurance. Insurance companies provide auto insurance against accidents to car owners. The level of cover that you get from an auto insurance company depends on what you choose. Auto insurance can cover damages to the car, passengers in case of an accident or even when the car is stolen. Legal requirements in some states make it mandatory for car owners to have some minimum level of auto insurance cover. According to your choice of what you would like the insurance to cover, there are several auto insurance policies to choose from. Auto insurance policies available for car owners to choose from include third party or liability auto insurance and comprehensive or full auto insurance. Auto insurance companies offer the third party liability insurance as the lowest auto insurance cover. Third party is the most basic auto insurance cover. In case a third party insurance policy holder is involved an accident and it is proven that it was their fault, their auto insurance company pays damages to the other party. The amount of payout for third party insurance is set beforehand. This means that the auto insurance company sets the maximum amount they can pay in an accident beforehand. The policyholder should confirm what the insurance covers and what the limits per accident will be. A policy may be attractive because it charges low premiums, but it provides a minimal cover that is not practical. A minimum cover is mandatory in most states, this is mostly third party insurance. Another auto insurance policy provided by insurance companies is the comprehensive auto insurance. This policy covers your car comprehensively as the name suggests. If your car is involved in an accident, the auto insurance company will pay for the car or its repair. The final word on the amount to be paid out in case of an accident rests with the insurance company. Although the limits for amounts to be paid out in an accident are higher for comprehensive insurance, there are maximums just like in third party insurance. Unlike third party insurance, comprehensive insurance is not mandatory in most states.
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There are other kinds of auto insurance like the medical and personal injury protection cover. This type of cover pays the medical expenses of the driver and the passengers in case of an accident. In some states this cover is a minimum requirement.
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The minimum legal requirements should be met by whatever auto insurance cover you choose. Recreation vehicles have their different insurance.