What you need to know: ; Auto insurance is required by Minnesota law. If you have a car loan, your lender may also require additional coverage such as collision and comprehensive coverage. ; Policies will vary beyond what is required by law and every policy will have limitations on what it covers and to what extent. ; Your policy can be cancelled if you don't pay your premium, misrepresent or fail to disclose certain information.
Information from IIHS-HLDI on the basics of auto insurance.
Insured Worry Free Driving ; It all starts when you tell yourself you deserve insurance that adequately covers your specific vehicle without the extra costs you don't need. You want an insurance policy that is packed but lean. With the many tools you can use today for research, shopping your policy is no longer as hard and confusing. This article makes the task even easier by compiling tips and expert advice on getting car insurance. 1. First, be aware of what drives up premiums · The price of...
Auto insurance is a contract between the policyholder and the insurance company. The policyholder agrees to pay the premium and the insurance company agrees to pay losses as defined in the policy....
What is auto insurance and why do you need it? The following information should be used as a helpful guide to make your decisions but is not intended to replace reading your own policy.
The basic personal auto insurance mandated by most U.S. states provides some financial protection if you or another driver using your car causes an accident that damages someone else’s car or property, injures someone or both. But to make the best decisions about purchasing other types of auto insurance coverage you might need, you’ll want to understand what’s covered, what’s not covered and what’s optional. In addition to understanding types of coverage, you’ll also want to consider...
Consumer guide to understanding an auto insurance policy.
Understanding auto insurance—the basics ; Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. Auto insurance provides coverage for: Basic personal auto insurance is mandated by most U.S. states, and laws vary. Auto insurance coverages are priced individually (a la carte) to let you custom...
What is Auto Insurance? All forms of insurance provide protection to consumers by covering certain risks and promising to pay for financial losses caused by these risks. Auto insurance is...
Have questions related to your auto insurance? Visit our car insurance FAQ page for answers to your most-asked car insurance questions.