Why people buy auto insurance? They buy it to protect themselves against financial losses in case they meet with an accident. A contract is signed between an individual and the insurance company. As per the policy definition, the person need to pay the premium for the total sum insured and the insurance company agrees to cover the losses.
Along with the coverage of losses, you are provided with other facilities like liability, property and medical coverage as well. Furthermore, it also pays for damage and theft of your car as well. Liability coverage frees you from the legal responsibility of bodily injury or other property damage and at last, the medical coverage pays for injuries and rehabilitation.
Using online portals to receive quotes from different insurance companies serving in the respective region has become a viable option for many. Other than quotes for auto insurance policies, people also look for home insurance, life insurance, disability insurance, long-term care and annuity. Most of the policies continue for long years, as it largely depends upon the type of policy.