Auto Insurance as a concept or definition, Importance of Auto insurance, and Car Insurance Quote.
Auto Insurance as a concept or definition:
More popularly known as motor insurance, this type of insurance covers loss or damage to any vehicle, like a car, bus, truck, or any other kind of vehicle, according to the conditions, limits, or the sum mentioned in the insurance policy or contract.
Importance of Auto insurance
It is necessary to know that car insurance is required by law In most states, but its necessity for the driver is more important for these reasons:
– Car insurance can help handle a lot of headaches in case of accidents.
– Car insurance can help with vehicle towing, repairing, and replacing spare parts.
– Helps pay for other party’s medical bills.
– Large network of garages around the clock.
– Damages or loss for the insured vehicle.
– Third Party Liability up to the limits covered.
– No claims benefits.
Top 10 Auto Insurance companies in the USA
1- Geico
2- Nationwide
3- Travelers
4- USAA
5- Auto-Owners Insurance
6- State Farm
7- Allstate
8- Erie Insurance
9- Progressive
10- Farmers