Learn to Drive in Your Own Car Insurance

What Is Own Car Insurance?

Own Car Insurance is a type of motor insurance policy that covers any damage to your car as a result of an accident. It covers both you and the other driver, regardless of who was at fault in the accident. With own car insurance, you are also covered for any legal costs you may incur due to the accident. This type of insurance is often more expensive than third-party only insurance, but it does provide you with peace of mind knowing that you are covered for any accidents or damages that may occur.

How Does Own Car Insurance Work?

When you purchase own car insurance, you will need to decide on a deductible. This is the amount of money you will be required to pay out of pocket before your insurance company will pay out any claims. The higher your deductible, the lower your monthly premium, but the more you will have to pay out of pocket in the event of an accident. Your insurance company will also require an agreed value for your vehicle, which is based on its current market value.

What Does Own Car Insurance Cover?

Own car insurance covers damage to your vehicle, as well as any medical expenses you may incur due to an accident. It also covers any legal costs you may incur due to the accident. It is important to note that own car insurance does not cover damage to the other person’s vehicle, or any other property damage caused by an accident. You will need to purchase third-party insurance for this.

How Do I Get My Own Car Insurance?

You can purchase own car insurance from most major insurance providers. You will need to provide information such as the make, model, and year of your car, as well as your driving record and any claims you have made in the past. The insurer will then assess your risk and provide you with a quote for the coverage you need.

Benefits of Own Car Insurance

Own car insurance provides you with peace of mind in the event of an accident. It also allows you to choose the level of coverage you need, so you can tailor your policy to suit your budget and needs. Own car insurance also provides you with legal protection in the event of a dispute over who was at fault in an accident.

Conclusion

Own Car Insurance can provide you with peace of mind and financial protection in the event of an accident. It is important to understand the coverage you need, and to shop around to find the best deal. With own car insurance, you are also covered for any legal costs you may incur due to the accident, so make sure you have the right coverage for your needs.