Auto insurance or motor insurance is insurance purchased for cars, trucks, lorries motorcycles and other vehicles that traverse the road. The main benefit of auto or motor insurance is to provide protection against physical damage to the vehicle as a result of minor traffic collisions to major accidents and to provide protection from liability that could also arise from these incidents. Vehicles are also insured against theft.
Who needs it?
Every person who owns a vehicle needs auto insurance.
How much does it cost?
The cost of auto insurance is based upon the type of cover you choose as well as the cost of the vehicle.
What are the DM options?
Demerara Mutual offers auto insurance under the following categories:
- third party,
- third party fire and
- theft and comprehensive.