When you are driving your car you are covered by your insurance policy if you were to cause an accident. You might assume that if a friend was to cause an accident with your car that his insurance will cover the damages. However, if an insured friend of yours were to cause an accident with your car then you are still stuck paying your deductible, because your liability insurance covers your car, you and anyone else using your car with your permission.

Liability insurance covers both bodily injury and physical damages, so any passengers in the vehicle including the owner are covered and any damages the car does to another’s property is covered. Liability will also cover any legal fees if you were to be sued as a result of an accident. Liability insurance will not cover more then your policy and if the costs exceed the amount of the policy coverage then the court can attach your personal assets to recover the damages, such as your house.

The situation can change though if your friend is at fault and causes serious bodily injury to others and or property damage and it exceeds your policy. If this is the case then you and your friends insurance will share the cost of the accident, which is known as “pro rata”. This could mean that you and your friends insurance will split the bill equally, but more then likely your insurance will cover the full amount and then seek compensation from your friends insurance for their share.

Notice I said earlier “insured friend”, that is the key. If you were to lend an uninsured friend your vehicle then you are left to pay up even if the costs exceed the amount of your policy. That means that you’re left to cover any remaining medical expenses and property damage expenses. So in other words your friend has left you high and dry.

Also notice that earlier i also said “your liability insurance covers your car, you and anyone else using your car with your permission.” Without your permission your friends insurance will kick in first and cover the expenses and hopefully they are insured. If they are not then we are right back up in the last paragraph where your buddy has left you high and dry.

Obviously someone stealing your car does not have your permission, so you will not be held liable to damages done to others property. However, In this case though you will have to use collision insurance to have your car repaired. I wouldn’t count on the criminal having insurance, let alone the money to pay for the repairs and even if he did have insurance then his company will not pay for his criminal acts.

Right now, there is a very big chance that you are paying way to much for your car insurance coverage. You would never know it, but there is an even bigger chance that you could get a better rate and policy from another insurance company. It is so worth taking a couple of extra minutes to look over your policy and shop around fro coverage from a different company than you currently have.

The internet has made saving on your auto insurance a very easy thing to do. With the internet, you have the ease of comparing rates, shopping with different companies and and so much more. Staying with your insurance company just for the heck of it, could be costing you more than you think.

There are five basic ways in which someone can save on their auto insurance premiums. They typically are: getting all the discounts you qualify for. Keeping your driving record clean. Adjusting your coverage to assume more risk such as raising your deductible. You could drive a car that is considered a low profile car with many types of money saving safety features. And the last thing that you could do is, take the time to shop around for the lowest, best car insurance company you can find.

There are many different kinds of discounts that a person can qualify for. You need to take the time and speak with an insurance company to see what they can offer you. The discount vary from company to company as well as where you live.

Assuming more risk for you insurance coverage is a great way to drive down your premium prices. You can raise your premium or drop coverages that you do not use on older model cars such as collision or comprehensive coverage.

Finding ways to save money on your car insurance is as easy as the click of your mouse with your computer. Take your time and look over option that you can find and you could end up saving anywhere from 10-45 percent off your insurance premium each year. Always shop around and compare the insurance companies before deciding which one to take. You should not just stick with a company because they have been good to you over the years. Remember that auto insurance is something that is required for you to be able to drive, so why not take the couple of extra minutes to find something that suits your needs as well as your budget.

Auto accidents can happen – even to the best drivers. Insurance can help cover repairs to your vehicle and medical costs. Insurance is your firewall against economic disaster should you cause an accident and there is property damage or injuries to other people.

An auto insurance policy is a package of several primary coverages. The coverages may vary depending on the state where you live. Your premium payment is the total of these separate coverages for a given period of time.

All states require a vehicle owner to get at least a minimum level of liability coverage, as specified. There are other auto insurance coverage categories on top of the basic cover, which may be optional or necessary, depending on respective state regulations. The lender will generally require that you buy coverage for the vehicle itself if you have secured an auto loan or lease.

This coverage will also cover the legal costs that arise while defending you against impending lawsuits related to auto accidents. You probably want or need to get much more than the minimum amount/level of coverage than required in your state to adequately
protect you.

The policy is a contract between you and the insurance company, which states that if you pay your premium, the insurance company will cover losses incurred because of an accident. These losses will be defined in your policy, but could include paying medical expenses or for damage to property.

Medical coverage pays for the cost of treating injuries you sustain in an accident. Some medical coverage includes other related costs, like rehabilitation or lost wages.

Many people might think that going without car insurance is something that they can do. Often, people do not get auto insurance because they do not want to pay for it, and they think that the only problem is that it will be more expensive if they get into a car accident. Therefore, they do not think that they actually need auto insurance.

It is completely true that going with out auto insurance can be very expensive. In fact, it means that there will be many more costs that you will have to pay if you get in an accident without auto insurance. In fact, if you do not have auto insurance, you will find that you are not only responsible for the costs to your own car, but to those of the other car as well – even if the accident was not your fault. This is one of the huge dangers of going without auto insurance. It ends up being very expensive if you do not have auto insurance. Therefore, not having it can be a major problem.

Many drivers complain about the high cost of insurance today. In fact, because of the high rates of accidents and the many car thefts which occur each day, insurance rate for vehicles can be quite daunting. Unfortunately, statistics show that most people will be affected by a car accident or car problem sooner or later, which means that insurance rates need to be quite high in order to pay for all these problems. Even if you have to save to pay insurance on your car, however, or if you have to research for a long time to find cheap auto insurance, the investment is well worth it.

Without insurance, other drivers and even those who have been injured by your vehicle may sue you in order to recoup medical, legal, and other costs. Such lawsuits can literally push a driver to bankruptcy. Insurance allows you to pay others and in many cases allows you to avoid legal action.