Insurance Vehicle Symbols are how insurance companies prepare their insurance rates for all vehicles. Each vehicle has a symbol rating ranging from 1 to 27, with 1 being rarely used. These are given in accordance to make, model, engine size, 4 door vs. 2 door, how vehicle fairs in accidents, repair costs, etc. Symbol 27's usually are your mustangs. The best symbol rating for a newer model vehicle is around a 11-15.
the ISO Symbols assigned to vehicles in auto insurance underwriting are representative of the historical risk and loss factors associated with that specific vehicle make an submodel. They are crucial in accessing the overall risk for the insurer.
The cost for insurance will be determined by the location of the vehicle as well as the type of vehicle.
Auto insurance typically covers the car, not the driver. So, if you have insurance on your vehicle, but you drive another vehicle that doesn't have insurance, you are not protected by your policy if you have an accident in that other vehicle. However, if you have insurance on your vehicle, and you lend it to a driver (from another household) who does not have his or her own insurance, they will be covered by your policy while they are driving your car.
Your personal auto insurance will be secondary to the insurance of the vehicle that you are driving (assuming you do not own it and it is not a business vehicle). If you get involved in a car accident while you are operating a vehicle that is -not- yours, then the insurance of that vehicle has to pay first, and if that insurance is not enough (or is not there) then your insurance will kick in. Notice that if you get pulled over by police they will ask you to show proof of insurance on the vehicle (not your insurance.) The law requires all vehicles to be insured, not individuals.
Many auto insurance companies offer commercial vehicle insurance. For example, Geico offers commercial vehicle insurance. You can talk to your local agents too.
If you don't own a vehicle, or have no intention of driving, you do not have to maintain auto insurance.
One can buy international vehicle insurance using AAA Insurance. One could also buy international vehicle insurance by purchasing from the GEICO company.
There is no need for auto insurance if you don't have a vehicle. What would there be to insure ?
NO, that's what the vehicle insurance is for.
iso.com
Comprehensive insurance helps to pay for damages to a vehicle that were not the result of a collision. If you want insurance when a vehicle is damaged by fire or theft , then you should purchase comprehensive motor vehicle insurance.
No, Your homeowners insurance does not cover vehicle damage. That's what auto insurance is for.