Auto

Auto insurance is a contractual agreement between a policyholder and an insurance company, providing financial protection in case of accidents or damage to a vehicle.
The main components of auto insurance include liability coverage (for third-party damages), collision coverage (for vehicle repairs), and comprehensive coverage (for non-collision incidents like theft or natural disasters).
Auto insurance premiums are determined by various factors, such as the driver’s age, driving history, type of vehicle, location, and the chosen coverage limits.
In many places, auto insurance is mandatory by law, requiring drivers to carry at least a minimum amount of liability coverage to ensure compensation for damage they might cause to others.
Auto insurance policies can offer additional features like roadside assistance, rental car reimbursement, and uninsured/underinsured motorist coverage to provide comprehensive protection in various situations.