Liability-only car insurance provides coverage for injury and damage you may cause, while full coverage adds coverage for damage to your vehicle. Each state has different requirements for the types and amounts of coverage that a driver is required to have in order to legally drive in that stat...
If you make a down payment of less than 20%, you could end up owing more than the car is worth. This is calledbeing "upside down"or “underwater,” and it can put you in a precarious financial situation. If you decide to sell or trade the car, you would owe the difference. ...
Gap insurance, or guaranteed asset protection, is an optional coverage that pays the difference between what your vehicle is worth and how much you owe on your car at the time it’s stolen or totaled. This coverage supplements acomprehensive or collision car insurancepayout, which can only be...
What To Do After Your Car Is Totaled (2025) Why does the auto insurance company want to see your title? Compare over 200 auto insurance companies at once! Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an...
Regardless of your personal consumption, your carbon footprint is partly determined by the state you live in. Some states rely more on dirtier sources of power like coal; others use larger percentages of renewable sources that produce less CO2. Most calculators also ask for the size of your ...
Intellectual property is considered an intangible asset. Owners of intellectual property have exclusive rights that are protected against unauthorized use for certain periods of time that are determined by the type of intellectual property in question. The United States Copyright Office, as well as the...
car as determined by the insurance company and the amount it costs to purchase a suitable replacement. The insurance company bases its offer onactual cash value(ACV). This is the amount that the company determines someone would reasonably pay for the car, assuming the accident had not happened...
5. It’s Affordable: Gap insurance is generally affordable, especially when compared to the potential financial burden of paying for a totaled car without this coverage. The cost can vary depending on factors such as the value of the car, the length of the loan or lease, and your insurance...
There are many types of car insurance to keep you safe on the roadway. Some coverage is mandatory and is determined by the state where you live. Other types are required by lenders, and cover the costs of damage to your car. Here's how each kind ofcar insurancecoverage can affect your...
The claim amounts resulting from any accidents can also influence premiums.Someone who’s had a couple of minor fender benders is a much lower risk than someone who has totaled three cars. This is why it pays to have the right insurance. Companies likeAllstateoffer accident forgiveness coverage...