Multi-Car Discount
A premium discount offered by some insurance companies if the policyholder insures more than one vehicle with them.
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A premium discount offered by some insurance companies if the policyholder insures more than one vehicle with them.
An amount set by the no-fault laws in some states that must be met before a lawsuit for damages may be commenced against an at-fault driver in an accident.
Coverage that pays for some of the medical and funeral expenses incurred by an insured individual as the result of an accident.
Members of the same household who do not drive an insured vehicle.
When an insurance policy is terminated or cancelled, and a replacement policy has not been obtained.
When a motorist involved in an accident flees the scene.
The place where a car is usually stored, such as a home’s garage, when it is not in use.
When two or more vehicles are involved in a low-impact collision with minimal damage.
The name given to laws requiring motorists to obtain insurance coverage on vehicles driven on state roads.
If an insured person pays for a policy in advance, the “earned” premium is the portion of the policy that has already been used.
A program of study that teaches safe driving techniques to drivers. Participants may be eligible for discounted premiums on their car insurance.
An insured person who has had no time period during which he or she was uninsured since first taking out an auto insurance policy.
The most common form of optional auto insurance coverage, alongside Collision, covering damage that is the result of non-collision factors, such weather and theft.
Along with Comprehensive, the most common form of optional auto insurance coverage. Collision Coverage covers the cost (minus a deductible) of repairing damage to a vehicle when the insured driver is at
A document issued by insurance companies or agents to vehicle owners as proof of compliance with laws requiring car insurance coverage.
When an insurance policy is terminated prior to the renewal date. Either the insurer or the insured can cancel a policy.
A shortened name for the “Kelley Blue Book,” which publishes the values of used vehicles.
Regarding auto insurance, a driver whose conduct is held legally responsible for causing an accident.
A range of technologies intended to deter auto theft, such as a car alarm. Equipping vehicles with anti-theft devices often lead to a discount on insurance premiums.
The onboard system controlled by a vehicle’s computer that assists the manual braking system, helping a driver safely stop or slow a vehicle without skidding or losing control.