AUTO INSURANCE
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Auto insurance is a policy purchased by owners to mitigate cost associated with getting into an accident instead of paying out of personal savings, auto insurance can be paid annually to a insurance company which in turn pays and covers all the cost associated with an auto accident or other accident in a car.
Auto insurance varies depending on your age, gender, years of driving experience, accidents and moving violations history and there might be other unknown factor depending on the insurance firm and policy.
A bad driving history will lead to higher annual premium payments while a good one would be lower than the former.
Policies are priced individually and customized to suit a customers needs and budget.
If you drive out with an auto insurance and get involved in an accident then the cost of your expenses isn't your burden but that of the company insuring you. If you are a driver, the passengers hospital cost, your hospital bills and those in your car that you are suppose yo to pay for would be covered by the insurance company.
It protects your cars or car depending on your policy agreement from theft, vandalism, natural disaster or weather related conditions.
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