Insurance For Free Cars

Auto insurance is not an option, it’s a legal necessity. If you own a car, you have to have it insured even if you are under a get paid to drive program of free car program. If you are involved in an accident or your car is stolen, owning the right kind of auto insurance can help you deal with this type of very difficult situation.

Auto insurance serves as your protection if ever you are met with an accident or if ever your car gets stolen. It works as a binding contract between you, the car owner and the insurance company of your wherein your car is insured. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.

Almost every state requires you to have auto liability insurance. All states also have financial responsibility laws. This means that even in a state that does not require liability insurance; you need to have sufficient assets to pay claims if you cause an accident.

If you don’t have enough assets, you must purchase at least the state’s minimum amount of insurance. But insurance exists to protect your assets. The insurance industry and consumer groups generally recommend a minimum of $100,000 of bodily injury protection per person and $300,000 per accident since accidents may cost far more than the minimum limits mandated by most states. If you’ve financed your car, your lender may require comprehensive and collision insurance as part of the loan agreement.

If you lease a car or get a free car in an advertising program, you still need to buy your own auto insurance. The auto dealer or bank that is financing the car will require you to buy collision and comprehensive coverage. You’ll need to buy this coverage in addition to the others that may be mandatory in your state, such as auto liability insurance.

So if you are a winner of a free car, don’t think that you are free from applying y9our car for a auto insurance because you aren’t. That is why most car winners don’t find it very rewarding to win a car. Well, it could be at some point but maintaining a car is very expensive even with just an insurance alone. But if you think of the long term benefits car insurances can provide you with, you will more likely be able to feel thankful for winning or being granted with a free car.

Choose a car insurance depending on the policy that you think would be most useful for you. Oftentimes, a comprehensive auto insurance is the best option because this can protect your car at all costs. Imagine not having to pay for a single centavo if ever there is an accident and being able to even cover hospitalization bills and what not. Isn’t that just rewarding?

So don’t think twice about getting your car an auto insurance. Check out the sites or do walk in to familiarize yourself with the different rates and policies you can choose from.

See: Gas credit card

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