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Vehicle insurance (also known as auto insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident. Public policyIn many jurisdictions it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Most jurisdictions relate insurance to both the car and the driver, however the degree of each varies greatly.( where there is a blame there is a claim!) A 1994 study by Jeremy Jackson and Roger Blackman showed, consistent with the risk homeostasis theory, that increased accident costs caused large and significant reductions in accident frequencies. From Wikipedia under the
GNU Free Documentation License How much is motorcycle insurance compared to auto insurance? Q. Just wondering because one of my friends says she only pays half of her auto insurance a month and she is paying $300 and that seems pretty steep. Asked by Jordan - Mon Mar 3 19:39:29 2008 - - 10 Answers - 0 Comments A. That is steep, I pay about $50/month for Bike. But depends on the bike, and where you live. My bike is 650cc living in L.A. Answered by Egor M - Mon Mar 3 19:42:27 2008 Can new auto insurance company find an incident not reported with DMV but claimed with current insurance comp? Q. I want to change my auto insurance comp, i have claimed an accident with it for which i did not get a ticket. So will it matter if I don't report it to the new company while asking for quotations? Do insurance companies talk to each other or share data? Asked by ron - Sat Nov 17 11:08:03 2007 - - 5 Answers - 0 Comments A. It is probably a matter of public record, and yes, they share information between companies. If you don't report it, and they find it, you have committed fraud. If you don't report it, and they don't find it, and you ever make a claim, it may turn up then and would be cause to deny your claim. Bottom line, tell them now. Answered by oklatom - Sat Nov 17 12:03:12 2007 What Auto Insurance Companies Service Is The Best?
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