What Is Car Insurance? Car insurance is a legal agreement between you and an insurance company. You pay a monthly or yearly fee, and in return, the insurance company covers financial losses caused by accidents, natural disasters, fire, or theft. Types of Car Insurance Coverage There are different types of car insurance coverage available: 🔹 1. Third-Party Insurance This is the minimum legal requirement in many countries. It covers damage to other vehicles or people. 🔹 2. Comprehensive Insurance This covers your own car as well as third-party damage. It also protects against: Theft Fire Flood and natural disasters Vandalism 🔹 3. Collision Coverage This pays for damage to your car after an accident, regardless of who is at fault. ✅ Why Car Insurance Is Important Car insurance is important because: It protects you from huge financial losses It is required by law in most countries It gives peace of mind while driving It covers medical expenses after...