Auto insurance

Auto insurance is one of the stages of car purchasing. When purchasing a car it is necessary to effect insurance not only because it is required by law but to protect you from extra expenses in case of car crash. Of course each automobilist doesn’t feel good about auto insurance as it requires extra time and money. However, they understand all advantages of auto insurance and insure their cars. In future auto insurance will help you to save a lot of money in the event of car crash. Main advantage of car insurance is that insurance company bears all expenses for recovery of the car that is considered to be damaged at the car crash.
At present there are two most spread types of auto insurance. First of all it is compulsory motor third party liability insurance and motor own damage insurance. Each type is actively used but each has its own purpose. Initially it is better to stay on compulsory motor third party liability insurance.
Motor own damage insurance is one of auto insurance type which is widely used at the moment but not so spread. The main reason is that prices of Motor own damage insurance policies are high. Motor own damage policy in contrast to compulsory motor third party liability insurance policy insures the car from completely different risks. First of all it is auto theft. It is rather often case. The main advantage here is that in the event of auto theft car owner receives compensation equal to price of the car. This is the main factor that influence on price of the policy. Thus there are several types of auto insurance; among them the compulsory type is motor third party liability insurance and motor own damage insurance is additional type.