Car Insurance

Car insurance is the kind of automobile insurance which is purchased by consumers (mostly) for their personal four-wheeler vehicles to ensure protection against losses caused due to traffic accidents, theft, fire damage, and other factors.

In countries like the United States, South Africa, and India, insuring one's car is a mandatory rule. Car insurance can cover the insured party, the insured vehicle, as well as third parties.

The insurance premium can be mandated either by the government or by the insurance company (in accordance to government regulations). The premium can vary depending on diverse factors which could affect the expected price of future claims, including:

• vehicle features/ characteristics

• nature of the selected coverage

• profile of the driver (like age, gender, driving history, etc.)

• nature of usage of the car

Types of coverage of car insurance:

Car Insurance can include coverage like:

• Liability insurance

• Collision coverage

• Comprehensive coverage

• Uninsured/Underinsured

• Loss of Use coverage

• Car towing coverage

Car Insurance Companies:

There are a number of car insurance companies around the world. Some of them are:

• GEICO Car Insurance

• ICICI Lombard Car Insurance

• Churchill

• Amica Insurance