Car insurance. Online auto insurance quote

Car insurance

You know you need auto insurance before you can operate any kind of motor vehicle - not just because it's the law, but because you also want to protect yourself financially.
By purchasing auto insurance, you're not just protecting yourself against the cost of repairing or replacing your vehicle if it is damaged or stolen. You're also protecting your financial future.

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If you are involved in an accident that causes serious injury to someone else, the courts could order you to pay a substantial amount of money in damages. That's why every auto insurance policy includes protection against Third Party Liability.

You must have a minimum of $200,000 in Third Party Liability coverage. This is to cover injuries to any other person, or their property, when you're the at-fault driver in an accident.

But If you are involved in a serious automobile accident, $200,000 will not go very far to cover the damages. It's common to have $1,000,000 or more of liability coverage. Remember- you're responsible for any shortfall in coverage.
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It's not required by law to purchase automobile insurance to cover damages to your automobile. But if you have a newer automobile, you'll want to protect your financial investment and consider purchasing collision and/or comprehensive coverage.

If you're leasing or financing your automobile, the leasing company or bank will require that you insure your automobile for collision and comprehensive coverage. They will not release the funds to purchase the automobile until you commit to that coverage.

When you make a claim, a small portion of the claim is always paid by you first, then your insurance company pays the rest. The portion you pay is called your deductible. The amount of your deductible affects the price of your insurance policy. The higher your deductible, the less the cost of your insurance premium.

To reduce your auto insurance premium, you may want to consider increasing your deductible. Be sure to select a deductible that you are comfortable with. For example, if you choose a deductible of $1,000, you need to know that you would be able to pay it without too much difficulty if your vehicle is involved in an accident.
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Efficient Monopolies: The Limits of Competition in the European Property Insurance Market
Book by Oxford University Press, 2004

This book studies the market for property insurance in five countries, Britain, Spain, France, Switzerland, and Germany. It argues that in this market state monopolies outperform competitive markets, both in the provision of insurance against standard risks such as fire and in the provision of insurance against 'uninsurable' risks such as floods or subsidence. We hope that our empirical findings will stimulate economists to think more deeply about the relative merits of state provision and competitive markets.

The main driving forces underlying our results can be briefly summarised. First, competitive insurers typically work with high sales and administrative costs, as a result of which claims payments make up only about 50 per cent of premium income. State monopolies can work with considerably lower 'load factors', thus allowing substantial costs savings to the customers. Best American Banks Ratings Online Banking US Bank Reviews

Second, risk selection plays an important role on the market for property insurance. Private insurers try to avoid selling insurance to the bad risks and/or substantially reduce the cover for customers who at some point in time turn out to be bad risks. The non-availability of adequate insurance against risks where the owners stand to lose most of their worldly possessions results in substantial welfare losses. For state monopolies, risk selection is not an issue, and they provide better insurance even to the bad risks. Third, in property insurance, the best way to keep claims low is to invest into adequate preventive activities. These often take the form of local public goods (land zoning, firefighting, and so on). When insurance is provided by a state monopoly, it is possible to integrate prevention and insurance. The data for Switzerland clearly show that this integration leads to substantial increases in resources devoted to preventive activities and corresponding reductions in claims. I would like to take this opportunity to thank the many individuals who patiently explained to me the institutional specificities of the markets they work in, and provided me with the necessary data. My special thanks go to Martin Kamber of the IRV in Bern, without whose patient help and encouragement this book would most probably never have been completed. Any remaining errors are, of course, solely my own responsibility.

The final two decades of the twentieth century saw a wave of privatisations. Many governments in the industrial world withdrew either partially or completely from large sectors of the economy. Well-known examples are telecommunications, railways, air traffic, electricity, and water, which were all liberalised. A number of factors gave rise to this development. Technological changes meant that sectors which previously had all the hallmarks of a natural monopoly could be opened up to competition. Market liberalisation was an opportunity to curb the power of the trade unions. Politicians began to realise that competitive markets provide a number of benefits to consumers, including:
• the private sector's innovative drive;
• the product differentiation that results from private firms' efforts to distinguish themselves from their competitors, and adaptation of their services to consumer demands; and
• the more rigorous cost control of private (profit-maximising) firms.

Furthermore, economic freedom is an important feature of any free society, and powerful arguments are required to justify curtailing freedom of contract.

The biggest USA & Canada cities of operations.
  1. New York City, NY
  2. Los Angeles, California
  3. Chicago, Illinois
  4. Houston, Texas
  5. Phoenix, Arizona
  6. Philadelphia, Pennsylvania
  7. San Antonio, Texas
  8. San Diego, California
  9. Dallas, Texas
  10. San Jose, California
  11. Detroit, Michigan
  12. Miami, Florida
  13. Atlanta, Georgia
  1. Toronto, Ontario
  2. Montreal, Quebec
  3. Vancouver, British Columbia
  4. Calgary, Alberta
  5. Edmonton, Alberta
  6. Ottawa - Gatineau, Ontario/Quebec
  7. Quebec City, Quebec
  8. Hamilton, Ontario
  9. Winnipeg, Manitoba
  10. Saskatoon, Saskatchewan
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