Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Auto Insurance

>

Articles

Auto Insurance Articles

Auto Insurance- Terminology You Should Know
Auto InsuranceAuto Insurance: Terminology You Should Know

What does the average consumer know about car insurance? Well, they know they need it. In 48 states (excluding Virginia and New Hampshire), it’s mandatory by law when owning or leasing a vehicle. Beyond that, there’s probably a lot regarding auto insurance missing from the average American’s lexicon. Since auto insurance is unique from other forms of insurance, in that you have to worry about liability for total strangers, their vehicles, and other property, it’s beneficial to possess a comprehensive understanding of all the industry terminology. Of course, understanding auto insurance terms is especially important when picking out a policy, as there are a wide variety of options for coverage based on different scenarios and geographical factors.

6 min read

Let Fiona match you with the right financial product offers

Our service is free and will NOT affect your credit score