In most states, having car insurance is a requirement by the law. All motorists are required to be insured against liability on other people or property. Car insurance with the right cover guarantees you protection in case your car is involved in an accident or damaged and some covers also extend the protection to other passengers, drivers, pedestrians or property involved. There are a number of companies which offer very affordable car insurance, Santa Monica. It is relaxing to know your car is covered against any damage and you don’t have to worry about the repairing costs in case of an accident.
What happens if your car is not insured?
Car insurance is a legal requirement meaning that there are very dire consequences if you forfeit this requirement. Driving a car that is not insured puts you at risk of being fined or being disqualified as a driver. It can also attract a fine may lead to losing your car to the authorities.
Types of car insurances:
There are three main types of car insurances; third party, comprehensive and third-party fire, and theft insurance.
Third party: This insurance simply covers damage to other people and property. It is the bare minimum car insurance that every driver should have as a requirement by the law. In case you get involved in an accident and injure pedestrians on the road, car insurance Santa Monica will provide you with the most-friendly insurance quote if you have a third-party cover with them.
Comprehensive: This is the most expensive car insurance cover there is. It protects your car as well as other people or property involved in an accident or whatever led to the damage of your car. It is the highest level of car insurance there is.
Third-party fire and theft car insurance, Santa Monica: the difference between this cover and the third-party cover is that this covers replacements and also the costly repairs of your car in case it is stolen or if it gets damaged in a fire, thus the name, “fire and theft”.
How car insurance costs are determined
There are a number of factors which determine the premium you pay for your car insurance. Factors such as your age, your occupation, the car model you drive, your locality, usage and storage of your car all determine how high or low the premium will be.
In order to ensure that your insurance company is legit, check if they are regulated by the Financial Conduct Authority. This is as a result of the many ghost insurance brokers there are today who offer cheap premiums to people with fake insurances. You can get valid car insurance, Santa Monica in Los Angeles.