Automobile Insurance

Automobile insurance is one of the most important aspects that need to be taken care of. It is also known as Auto (Car) Insurance. It is a type of insurance that provides risk c6overage for any damage or accident of the vehicle.

All Car owners have to pay premium in order to avail any Insurance Policy. There are different ranges for Premiums and these Premiums are determined by various factors.

According to a study it is shown that Gender plays a vital role while determining Insurance Premiums. Auto Insurance Premiums are far higher for man than women because, men are more likely to involve in the risk of accidents.

Premiums for Teenagers are also comparatively higher because of the likeliness of accident. Companies can offer less Premiums to Teenagers, if they show an Authentic Certificate of Driving Course.

Following Risks are covered under Automobile Insurance:

--Loss or damage by accident, fire, lightning, self-ignition, external explosion, burglary,
house breaking or theft, malicious act.
--Riot and strike; terrorism; earthquake; flood, cyclone and inundation

Main type of Auto Insurances:

• Collision Insurance: It covers the cost of repairs to a vehicle involved in an accident, or the cash value of the vehicle if it cannot be repaired.
• Comprehensive Auto Insurance: It covers the fee for repairs for accidents that are not collisions. Comprehensive auto insurance will, for example, cover hail or fire damage.
  
  
  There are different Policies and Premiums for Four Wheeler, Two Wheeler and Heavy Vehicle. Automobile Insurance is different from other Insurance Plans. There is compulsion to have Auto Insurance for any Owner.