Automotive insurance, in the United States and elsewhere, is designed to absorb most of the risk of financial liability or loss a motor vehicle owner may face if their vehicle is involved in a collision resulting in property or physical damages. That is why we need Auto Insurance Quotes.

All states require a motor vehicle owner to carry some minimum level of insurance, except for Virginia, where uninsured vehicles must be paid for directly to the state (see below). In these states, automotive insurance is said to be compulsory.

Other states do not require drivers to carry insurance, but even these states offer drivers the option of carrying insurance. A motor vehicle owner typically pays insurers a monthly fee, often called an insurance premium. The insurance premium a motor vehicle owner pays is usually determined by a variety of factors including the type of covered vehicle, the age of any covered drivers, their driving history, and the location where the vehicle is primarily driven and stored.

Many insurance companies offer premium discounts based on these factors. Insurance companies provide a motor vehicle owner with an insurance card for the particular coverage term which is to be kept in the vehicle in the event of a traffic collision as proof of insurance.