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
PEMCO Insurance| World Insurance |
| USA Insurance Companies |
| UK Insurance Companies |
| India Insurance Companies |
| Top Insurance Companies |
