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Car insurance is a contract between you and an insurance company.
You pay a monthly or yearly amount (called a premium), and in return the insurer helps cover costs if something unexpected happens with your car ā like an accident, theft, or damage.
Instead of paying thousands of dollars all at once after a problem, insurance spreads that risk over time.
1) Pays for accident repairs and medical costs
2) Covers theft and car damage
3) Protects your savings from big expenses
4) Gives peace of mind
5) Keeps you legal on the road
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