Question 1

What factors affect auto insurance premiums?

Accepted Answer

Premium depends on: driver age (under 25 and over 60 pay more), driving experience, claims history, vehicle type and value, vehicle age, geographic location, coverage type, and vehicle usage (personal vs. commercial).

Question 2

What is the difference between basic and comprehensive coverage?

Accepted Answer

Basic Coverage (third-party only): covers damages to others. Comprehensive Coverage: includes your own damage from collision, theft, and rollover. Premium Coverage: maximum protection with roadside assistance and medical expense coverage.

Question 3

How can I save on auto insurance?

Accepted Answer

Tips to save: maintain a clean driving record, combine policies (auto + home), accept higher deductibles, install safety devices, drive less, complete defensive driving courses, and pay premium annually in one payment.

Question 4

What is comprehensive coverage in auto insurance?

Accepted Answer

Comprehensive coverage protects against theft, fire, vandalism, natural disasters, and collision damage. It covers your vehicle's repair or replacement cost minus the deductible. Most lenders require it for financed vehicles.

Question 5

What happens if I have an accident with another vehicle?

Accepted Answer

Your third-party liability covers damage to the other vehicle and compensation to third parties. If you have own damage coverage, your damages are covered too. The deductible applies per your policy. Report the accident to your insurer within 72 hours.

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