Insurance (automobile)

Automobile insurance is a policy that provides financial protection in case your vehicle is involved in an accident, stolen, or damaged. It covers costs related to repairs, replacement, or medical expenses for you and others injured. You pay a regular premium, and in return, the insurance company helps cover costs according to your policy’s terms. Insurance also includes liability coverage, which protects you if you’re at fault in an accident and liable for damages to others. Essentially, it offers peace of mind by transferring the financial risk of accidents from you to the insurance provider.