Car Insurance Research Paper
March 29, 2016
Automobile Insurance
Parents and teens drivers you should be aware that driving should not be taken as a joke. It is not something to show off to your friends or something to play around with. Driving is a privilege and that privilege can be taken away at any time. Having a car comes with many responsibilities and one of them is having automobile insurance. Automobile insurance is a crucial insurance to have when you own a car. Automobile insurance is a policy purchased by vehicle owners to protect the policyholder against losses caused by such car-related incidents as accidents and fires, and injuries from those events. One is basically paying an annual premium to an auto insurance company instead of paying out of pocket when getting into an auto accident. Depending on your policy of the insurance company you may have to pay all or most of the costs associated with an auto accident or other vehicle damage.
If you live with your parents you can be in their policy and can save more money than being by yourself. Automobile insurance have many coverages under it for you and your car. For example, some of the coverages are liabilities, physical damage, medical payments and uninsured/underinsured motorist. First of all, let's start with liabilities; liabilities is …show more content…
your responsibility for injuring in someone else or their property. A legal person like a judge made be included when drivers cannot agree with the person that responsible for the accidents. Here is when the insurance company comes to help you. The insurance company will work with the individual that got injured and make a fair deal for you and the person injured. It also helps you for with not going to court.
Next is physical damage to your car; this coverage is not required to have but if you need money from a bank or a financial company this will require you to get this coverage just because they want to protect their investments. There are two types of physical damage; theirs collision which pays for damage to your car caused by it hitting something or by something hitting it or if your car flips over. The second type of physical damage is comprehensive pays for damage to your caused by something other than collision, including fire, windstorm, flood, vandalism and theft. Medical payments pays for medical expenses for injuries you or your passengers sustain in a car accident. Depending on your policy can protect you when driving in someone else’s car. Lastly, there uninsured/ underinsured motorist coverage is covers you from individuals that have no insurance or have a low insurance that can not pay for your damages.
Auto insurance takes many things into consideration like your age, gender, year of driving experience, accidents and moving violations history and many more. Age is a very important because if you are a teen you are young and inexperience. The more experience you get while driving the lower of the cost of the car insurance. Teens have a higher risk for getting into a car accident than any other age. According to Injury prevention & Control: Motor Vehicle Safety “In 2013, 2,163 teens in the United States ages 16–19 were killed and 243,243 were treated in emergency departments for injuries suffered in motor vehicle crashes.That means that six teens ages 16–19 died every day from motor vehicle injuries.” This is why insurance company charge more for teens insurance. Teenagers have to be extra careful on the road because they are on more accidents than any other age.
Remember driving is a privilege and the privilege can be taken at any time . So, don't take it for granted. Automobile insurance is a policy purchased by vehicle owners to protect the policyholder against losses caused by such car-related incidents as accidents and fires, and injuries from those events. If you live in the same household as you parents you can be in their policy. Automobile insurance has many under it like liabilities, physical damage, medical payments and uninsured/ underinsured motorist. In conclusion, automobile insurance is a crucial insurance to have when owning a
car.
Automobile Insurance
Parents and teens drivers you should be aware that driving should not be taken as a joke. It is not something to show off to your friends or something to play around with. Driving is a privilege and that privilege can be taken away at any time. Having a car comes with many responsibilities and one of them is having automobile insurance. Automobile insurance is a crucial insurance to have when you own a car. Automobile insurance is a policy purchased by vehicle owners to protect the policyholder against losses caused by such car-related incidents as accidents and fires, and injuries from those events. One is basically paying an annual premium to an auto insurance company instead of paying out of pocket when getting into an auto accident. Depending on your policy of the insurance company you may have to pay all or most of the costs associated with an auto accident or other vehicle damage.
If you live with your parents you can be in their policy and can save more money than being by yourself. Automobile insurance have many coverages under it for you and your car. For example, some of the coverages are liabilities, physical damage, medical payments and uninsured/underinsured motorist. First of all, let's start with liabilities; liabilities is …show more content…
your responsibility for injuring in someone else or their property. A legal person like a judge made be included when drivers cannot agree with the person that responsible for the accidents. Here is when the insurance company comes to help you. The insurance company will work with the individual that got injured and make a fair deal for you and the person injured. It also helps you for with not going to court.
Next is physical damage to your car; this coverage is not required to have but if you need money from a bank or a financial company this will require you to get this coverage just because they want to protect their investments. There are two types of physical damage; theirs collision which pays for damage to your car caused by it hitting something or by something hitting it or if your car flips over. The second type of physical damage is comprehensive pays for damage to your caused by something other than collision, including fire, windstorm, flood, vandalism and theft. Medical payments pays for medical expenses for injuries you or your passengers sustain in a car accident. Depending on your policy can protect you when driving in someone else’s car. Lastly, there uninsured/ underinsured motorist coverage is covers you from individuals that have no insurance or have a low insurance that can not pay for your damages.
Auto insurance takes many things into consideration like your age, gender, year of driving experience, accidents and moving violations history and many more. Age is a very important because if you are a teen you are young and inexperience. The more experience you get while driving the lower of the cost of the car insurance. Teens have a higher risk for getting into a car accident than any other age. According to Injury prevention & Control: Motor Vehicle Safety “In 2013, 2,163 teens in the United States ages 16–19 were killed and 243,243 were treated in emergency departments for injuries suffered in motor vehicle crashes.That means that six teens ages 16–19 died every day from motor vehicle injuries.” This is why insurance company charge more for teens insurance. Teenagers have to be extra careful on the road because they are on more accidents than any other age.
Remember driving is a privilege and the privilege can be taken at any time . So, don't take it for granted. Automobile insurance is a policy purchased by vehicle owners to protect the policyholder against losses caused by such car-related incidents as accidents and fires, and injuries from those events. If you live in the same household as you parents you can be in their policy. Automobile insurance has many under it like liabilities, physical damage, medical payments and uninsured/ underinsured motorist. In conclusion, automobile insurance is a crucial insurance to have when owning a
car.