Vehicle insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.
A Japanese vehicle insurance policy issued by the Mitsui Sumitomo Insurance company.
Uninsured cars seized by Merseyside Police on display outside the force's headquarters in 2006
A sample Vehicle Insurance Certificate in India
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss.
An advertisement for a fire insurance company Norwich Union, showing the amount of assets in coverage and paid insurance (1910)
Merchants have sought methods to minimize risks since early times. Pictured, Governors of the Wine Merchant's Guild by Ferdinand Bol, c. 1680.
Leaflet promoting the National Insurance Act 1911
A wrecked vehicle in Copenhagen
