There are a large number of Auto Insurance Companies all over the world who offer Auto Insurance or Automobile Insurance services to a large number of customers. Auto Insurance Companies offer coverages for losses arising from motor vehicle accidents (MVAs).
Auto Insurance Companies provide coverages for the insured party, the insured automobile, and third parties. The conditions under which the above mentioned parties are covered are mentioned in the Automobile Insurance Policy and it varies from one insurance carrier to another.
Usually, the coverages are available for theft, damages caused by fire, or accidental damage. Auto Insurance Companies provide instant and Online quotes of Auto Insurance Policies so that an individual is able to choose the most suitable Auto Insurance Policy by comparing a number of quotes.
The amount of insurance premium to be charged by an Auto Insurance Policy is dependent on the following factors:
The type of car
The selection of coverage, for example limit, deductibles, and covered perils
The driver’s profile (age and gender of the driver, driving history of the driver)
The usage of the automobile (distance covered by the car)
Auto Insurance Companies usually offer the following coverages:
Liability Coverage (Combined Single Limit & Split Limits)
Car Towing Insurance (Roadside Assistance Coverage)
Loss of Use Coverage
Loan/Lease Payoff Coverage (GAP Coverage or GAP Insurance)
The leading Auto Insurance Companies include the following:
American Automobile Association
American Family Insurance
California Casualty Insurance
Electric Insurance Company
Farm Bureau Insurance
Farmers Insurance Group
Frankenmuth Mutual Insurance Company
GAINSCO Auto Insurance
Hastings Mutual Insurance Company
Infinity Auto Insurance Company
Metropolitan Life Insurance Company
OneBeacon Insurance Group
Shelter Insurance Companies
State Farm Mutual Automobile Insurance Company
The St. Paul Travelers Companies, Inc.
Unitrin Direct Auto Insurance