Definition: The word "auto insurance" refers to a type of policy that insures vehicles (cars, trucks, motorcycles, etc.) against loss or damage resulting from accidents involving motor vehicle drivers. This coverage can be purchased through the purchase of an insurance policy at a car dealership, auto insurance company, or other authorized insurance provider. There are several types of auto insurance policies available in the market, each with its own features and deductibles (a percentage of the claim amount after deductible is paid by the insurer) that cover different aspects of vehicle damage or loss. The most common types include: 1. Comprehensive coverage: This policy covers all damages to your vehicle regardless of fault caused by others on the road. 2. Liability insurance: This policy provides protection for you and other drivers in case you are at fault in an accident, but it does not cover property damage. 3. Collision coverage: This policy covers accidents resulting from collisions with objects such as trees or buildings, and it pays part of the cost if your vehicle is destroyed in an accident. The word 'auto insurance' refers to a type of policy that insures vehicles (cars, trucks, motorcycles, etc.) against loss or damage resulting from accidents involving motor vehicle drivers. This coverage can be purchased through the purchase of an insurance policy at a car dealership, auto insurance company, or other authorized insurance provider.
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