In our example, gap insurance pays the $3,000 still owed to the lender, so without gap insurance, you’d have to find the money to pay that. If you don’t owe more than your car’s worth ...

Car liability insurance is an essential coverage type that pays for injuries and damages you cause to others. For example, if you cause a car accident, your liability insurance will pay for the ...

But whether a car becomes cheaper to insure can vary by car model and insurance company. For example, car insurance for a common inexpensive car, such as a Toyota Camry, is likely to decrease with age ...

Liability car insurance pays out to others when you cause property damage or injuries to someone else. For example, if you cause an accident and the other driver breaks their arm, your liability ...

Your car insurance deductible applies to collision insurance claims. The insurance deductible is the amount that is deducted from an insurance claims check. For example, if you have a $500 ...

What you pay for car insurance is partially based on the vehicle you’re insuring. This factors in claims that have been paid for similar models. For example, if your car insurance company has ...

Unfortunately, you still must pay your entire car loan even if insurance doesn’t pay you the full amount due. An Example of How Much You Could Owe If Your Car Is Totaled The table below shows an ...

For example, your insurer may not cover medical bills or lost wages if you're involved in a car accident. Should you keep or drop full coverage car insurance? If you finance your vehicle ...