Car insurance is protection against losses which may happen as a result of traffic accidents. In most countries, it is compulsory to have insurance to ensure that any costs which are incurred can be paid. There are various factors which are normally taken into account when the insurer is working out the premium - age of the driver, type of car, age of car, location the car is kept, number of motoring convictions and number of previous accidents. There are also various levels of cover - the cheapest is when the insurance company will only pay out to third parties and will not cover the damage on your own car. The most comprehensive policies are more expensive and will cover you for a range of things, including repairing your own car, or replacing it if the damage is too great.

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Pay as You Drive