Automobile insurance or otherwise called auto insurance is the insurance obtained for road plying vehicles to protect against physical damages resulting from accidents and against liability that could also arise there from while plying on road. Auto insurance deals with the insurance covers for the damages or the loss to the vehicles or its parts due to accidents or natural calamities. Auto insurance also provides accident cover to the driver who plies the vehicle and the co passengers of the vehicle. It also provides third party liability cover for the third party who was hit by the accident.
Auto insurance is compulsory for all road plying vehicles. Auto premium is calculated by considering many factors. The premium increases with the increase in price and age of the vehicle. Not only the price but also the model of the vehicle, cubic capacity, age of the vehicle may influence the premium calculation. Throughout the world the auto insurance is mandatory for all vehicles plying on the road. Plying a vehicle without auto insurance may attract fine or imprisonment or both. There are two types of insurance cover one is comprehensive and the other one is third party cover. The third party insurance cover safe guard the interests of the third party but not the interest of the vehicle and the vehicle and its user, where as comprehensive covers the both the own damages and lose and also the third party who involved in the accident with the vehicle.
You have invested a big investment on your vehicle so don’t allow its well being to chances. Anything may be happen at any time so protect you and your vehicle by getting a timely insurance and minimize your risk. And you don’t forget to renew your auto insurance policy in regular interval so that to get a attractive discount and no claim bonus (an incentive given if you have not claim anything in the previous periods). Insure your vehicle and drive peace fully throughout the year.