Top Banner
Car Insurance Terms to know: Financial Responsibility Laws Premium Deductible
4

Car Insurance Terms to know: Terms to know: Financial Responsibility Laws Financial Responsibility Laws Premium Premium Deductible Deductible.

Dec 29, 2015

Download

Documents

Sheena Hamilton
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Car Insurance Terms to know: Terms to know: Financial Responsibility Laws Financial Responsibility Laws Premium Premium Deductible Deductible.

Car Insurance

Terms to know: Financial

Responsibility Laws Premium Deductible

Page 2: Car Insurance Terms to know: Terms to know: Financial Responsibility Laws Financial Responsibility Laws Premium Premium Deductible Deductible.

Types of Car Insurance Liability Insurance

Bodily Injury Liability Insurance

Property Damage Liability Insurance

Uninsured Motorist/Underinsured Motorist Insurance

Collision Insurance Comprehensive Insurance Medical Payments

Insurance Towing Insurance Rental Insurance

Page 3: Car Insurance Terms to know: Terms to know: Financial Responsibility Laws Financial Responsibility Laws Premium Premium Deductible Deductible.

How do they determine your rates?

Based on statistics Look at the following

categories: Driving Record Age Miles Driven Driver Gender Marital Status Type of Vehicle Where You Live and Drive Driver’s Claim Record

Page 4: Car Insurance Terms to know: Terms to know: Financial Responsibility Laws Financial Responsibility Laws Premium Premium Deductible Deductible.

Ways to reduce your premiums

Good Student Discount

Good Driver Discount Multiple Policies Safety Features/Anti-

Theft Devices