auto insurance

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.

Contents [hide]
1 Public policy
1.1 Australia
1.2 Canada
1.3 Hungary
1.4 Ireland
1.5 Romania
1.6 South Africa
1.7 United Kingdom
1.8 United States
2 Coverage levels
3 Excess
3.1 Compulsory excess
3.2 Voluntary excess
4 Basis of premium charges
4.1 Gender
4.2 Age
4.3 Marital status
4.4 Vehicle classification
4.5 Distance
4.5.1 Reasonable estimation
4.5.2 Odometer-based systems
4.5.3 GPS-based system
4.5.4 OBDII-based system
5 Auto insurance in the United States
5.1 Coverage available
5.1.1 Liability
5.1.1.1 Combined single limit
5.1.1.2 Split limits
5.1.2 Full coverage
5.1.2.1 Collision
5.1.2.2 Comprehensive
5.1.2.3 Uninsured/underinsured Motorist coverage
5.1.2.4 Loss of use
5.1.2.5 Loan/lease payoff
5.1.2.6 Towing
5.1.2.7 Personal Property
6 Behavior based insurance
7 See also
8 External links
9 Notes



[edit] Public policy
In 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.

A 1994 study by Jeremy Jackson and Roger Blackman[1] showed, consistent with the risk homeostasis theory, that increased accident costs caused large and significant reductions in accident frequencies.