what is auto insurance

what is auto insurance

what is auto insurance   Auto insurance, also known as car insurance, is a type of insurance that protects you financially in the event of an accident or other covered event involving your car. It’s essentially a contract between you and an insurance company where you agree to pay a premium (monthly or annual fee) in exchange for financial protection against car-related losses. Here’s how auto insurance works: You purchase an auto insurance policy: This policy outlines the specific types of…