Saturday, January 5, 2013

Auto insurance - Where can I get ? A Complete details

An insurance which is purchased for cars, trucks, motorcycles, and other road vehicles are called as Vehicle insurance, auto insurance, GAP insurance, car insurance or motor insurance. 

What an auto insurance provides to the customer?
Auto insurance will provide financial protection against physical damage by an accident and/or bodily injury resulting from traffic collisions or accident . It also provides financial protection and against liability that could also arise after that happened.

Will an auto insurance provides financial protection against theft ? 
The answer is YES , to a lesser degree vehicle insurance may additionally offer financial protection against theft

Is it a must to a auto insurace for a vehicle?
Yes, In all the states it is a MUST to have auto insurance before using or keeping a motor vehicle on public roads

Do we have auto insurance as "pay-as-you-drive"
We don't know , whether it exists NOW . But we know there was an analysis of national pay-as-you-drive insurance systems and other variable driving charges .Under Pay as You Drive insurance (PAYD), drivers would pay part of their automobile insurance premium as a per-gallon surcharge every time they filled their gas tank. By transferring a portion of the cost of owning a vehicle from a fixed cost to a variable cost, PAYD would discourage driving. PAYD has been proposed recently in California as a means of reforming how auto insurance is provided. PAYD proponents claim that, by forcing drivers to purchase at least part of their insurance every time they refuel their car, PAYD would reduce or eliminate the need for uninsured motorist coverage. Some versions of PAYD proposed in California have been combined with a no-fault insurance system, with the intention of further reducing premiums for the average driver. Other states have proposed PAYD systems that would base insurance premiums on annual miles driven.