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What is auto insurance and why do I need it?

April 26, 2017auto insurance

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What is auto insurance and why do I need it?

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An auto insurance policy is a contract between you and an insurance company. You pay the premium, and in return, the insurer agrees to pay for any car-related losses detailed in the policy. Most states require that all drivers have an auto insurance policy, or the ability to provide evidence that you have the financial resources to pay for injuries or damages.