Standard Automotive Insurance
Definition
- Automotive insurance for individuals with average driving records, and reasonably few traffic accidents.
Synonyms
standard auto, standard vehicular insurance, standard auto insurance
Alternate Spellings
car insurance
Related Terms and Acronyms
- Financial Responsibility Laws — Definition,
- A type of law that requires an entity to be capable of paying for damages in the event of a potential claim.
- First Dollar Coverage — Definition,
- Insurance coverage that does not require the insured to pay a deductible.
- High Risk Auto Insurance — Definition,
- Auto insurance for drivers with an increased risk of collisions.
- Insurance (insur) — Abbreviation,
- An arrangement where one party provides financial protection to another party for specific damages or losses.
- Preferred Auto — Definition,
- Auto insurance for those with better driving records.
- Private-Passenger Auto Insurance Policyholder Risk Profile — Definition,
- A system for sorting drivers by their driving records and how likely they are to cause a loss for an insurance company.
- Substandard Insurance — Definition,
- Insurance for those who are ineligible for standard insurance due to higher risk profiles.
