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Most states have laws that make buying car insurance mandatory before you can start driving. So if you own a car, you have probably heard about car insurance. But do you understand exactly how it works? The purpose of car insurance is to pay for the bodily and property damages incurred after an accident. The law requires all registered vehicles to be insured whether they are driven regularly or not. The mandatory minimum insurance as per state law is known as “liability insurance”. It varies from state to state. Liability insurance covers any injury or damage to the other person or his vehicle if you are responsible for the accident. For instance, if your state policy requires you to have a 25/50/10 plan, it means that $25,000 is for bodily injury suffered by the other driver, $50,000 covers medical expenses for bodily injuries suffered by everyone in the accident and $10,000 pays for property damages. Some states follow a tort system. Under this system, one of the parties involved in...

All professions has its own terms and language. until you get to understand these languages, terms and their meanings, you will always be confused on how these profession works. Doctors, Lawyers, Engineers and of course the Insurance companies or others do have different terminologies in their area of expertise and this blog is simply about auto insurance and auto care. So below are some few list of Auto Insurance Glossary terms you can read and understand. A Actual Cash Value: This means fair market value of an item at the time it was damaged, stolen or destroyed. After a loss, your company will review the condition of your car's body, interior, tires, plus additional equipment based on the pre-accident condition of the car. A claim adjuster locates similar models for sale in your area, and uses those prices to determine the Actual Cash Value of your loss car. Actuary This is a specialist in the mathematics of risk, especially as it relates to insurance calculations such a...

Auto insurance or car insurance policy as it is often times called, is an insurance purchase for cars, trucks, motorcycles as well as other road vehicles which is primary use as a financial cover against any physical damage or bodily injury to the insured property resulting form traffic collision or liability that may arise. Every time you take the wheel, you run so many risk of damage to your car, yourself and also to other third parties together with their properties. Hence the need to purchase an auto insurance policy against potential liabilities. Whenever you are shopping for a car insurance coverage, you would always want to get the best value for your money. So, what’s the secret to finding a reliable, affordable car insurance coverage? 1. Shop around for the best car insurance deal: Get several car insurance quotes from different insurance companies before you buy or renew your policy. Insurance companies varies, you can not just stick to only one company, solicit for other in...