Car Finance, Car Insurance

Car Insurance: What It Is And How Much It Costs

Among the various documents to always have inside your car in order to be able to circulate in total legality, a car insurance policy is perhaps the most important, as it protects the insured in the event of accidents. Let’s find out what car liability insurance covers.

CAR INSURANCE: WHAT IS IT

The acronym SLI means the acronym Supplementary Liability Insurance or the contract signed between the motorist and the insurance company. This contract is necessary to be able to move freely on the road and essential in the event of an accident because the insurance company will cover material or physical damage caused involuntarily by the insured while driving his car.

CAR SLI COVERS

As we have previously indicated, the car liability contract covers damage unintentionally caused to others when using the car. The insurance company will intervene in liquidating the compensation relating to both material and physical damage after assessing the damage by an expert, as regards the means, or coroner, as regards the subjects involved in the accident.

SLI ESTIMATE: HOW MUCH DOES IT COST?

Some of the biggest doubts that grips motorists are that relating to the cost of car liability, one of the largest items of expenditure in the management of a car. There is no fixed cost because the amount of the insurance premium varies depending on various factors such as the province of residence, the type of car, and the age of the insured.

Before signing an insurance contract it is always good to compare the various quotes both at physical agencies and through the various online portals. The latter, thanks to the offers of a large number of companies, often guarantee really competitive prices.

MOTOR SLI IN MONTHLY INSTALLMENTS

Over the last few years, insurance companies have studied numerous solutions to help motorists in economic difficulties. Car insurance in monthly installments allows the payment of the annual premium to be paid in installments over the twelve months so as to avoid a large outlay of liquidity in a single solution or in two installments.