The Right Car Insurance Whereas home Insurance is an optional coverage in the United States, car insurance is a must for every automobile owner. The law requires that every person who owns an automobile (i.e. big rig, truck, car or motorcycle) takes a minimum insurance coverage (i.e. third party insurance policy).Auto insurance is designed to safeguard you from liabilities (i.e. injuries and damages to property) that may rise in case you are involved in a road accident. Unfortunately, a majority of automobile owners realize when it’s already too late that they did not have the right car insurance coverage. This article discusses into detail:- Different types of car insurance.- Tips for choosing cheap policy Different types of InsuranceThere are generally four different types of car insurance coverage. If you are looking save on auto insurance, it is recommended that you opt for Greenslip or Third-Party. Illustrated below, are the different types of policies that you can purchase for your car: GreenslipThis type of car insurance cover is also commonly referred to as Compulsory Third-Party (CTP). CTP is the most basic type of automobile insurance coverage. CTP is designed to safeguard the automobile owner as well as the person driving the car against law suits that may result due to injuries caused to other parties in case of an accident. CTP is a must have for every automobile owner. However, it is important to point out that this type of car insurance coverage does not compensate you for damages on your vehicle or other cars involved in the accident. Third-Party Only CoverageThis is the cheapest and most basic type of automobile insurance coverage that a majority of insurance companies sell to car owners. The insurance coverage is designed to safeguard other people who are involved in the accident. In case the damages caused to your car were caused due to your reckless driving, you will not be compensated. Compensation is only done if you have proven beyond reasonable doubt that the other driver was responsible for the accident. In such a scenario, you will be expected to make the claim from the other party’s insurance company. Third-Party Only Coverage does not also cover your car against cover or theft. Comprehensive Insurance CoverageBecause of the risks involved, a majority of automobile owners prefer to opt for comprehensive auto insurance coverage. The cost of comprehensive insurance coverage will hinge on the overall cost of your car. http://youtube.com/watch?v=VouNbvKg16Q