The General Auto Insurance Covers Loss From Traffic Accident

2007-03-08 10:33:40

( Insurance )



The general auto insurance protects you against losses incurred as a result of traffic accidents. Different general car insurance coverage can be purchased depending on your needs and wants. You, your vehicle and third parties can be covered by the general auto insurance.

Most states require you to buy general car insurance cover before you drive on public roads. If you don’t comply with this requirement, you will have to pay a fine, your license and registration will be suspended or revoked, and in some cases, you will have to spend time in jail.

To avoid these penalties, you have to purchase general car insurance. The general car insurance cost varies among different general insurance companies. Your general insurance needs and the premium payment that you have to pay will depend on your age, sex and marital status. If you belong to the age bracket between 16 to 25 years old, you will have to pay higher general auto insurance premiums. At this age, you are regarded as a major risk.

You will be given discounts, although you belong to the above-mentioned age bracket, if you have undertaken further driver training, or if you maintain a good academic record, or are married. Most of the general auto insurance companies take notice that married people are more responsible drivers, thus they are less prone to be involved in automobile accidents.

The general auto insurance premiums decline when you reach your forties and fifties. Actuarial tables of most general insurance companies show that the rate of traffic accidents is lower in this age group.

Your driving record will also be highly considered by the general auto insurance company. You may be categorized a high risk driver if you have had several traffic accidents. If so, you will pay higher premiums compared to others who belong to the same age bracket.

No matter what type of policy or how much will it cost you to purchase a general car insurance policy, you must realize that the general auto insurance is essential to protect third parties, as well as you and your car, against financial loss, damage or injury resulting from an automobile accident.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.