Buying a Car & Insurance Review

the sticker that goes on a license plate

• tag
• title
• tax

insurance that pays for damage you cause to another person's vehicle

• collision
• liability

a piece of paper that proves who owns the car

• tag
• title
• tax

pays for damages you cause even if it's to your own vehicle

• collision
• liability

pays for losses that are out of your control (weather related, fire, hitting an animal, etc.)

• collision
• comprehensive
• liability

this is what you pay to a bank/lender before they will give you a loan

• car payment
• down payment
• premium

if you have to get a loan to purchase a vehicle it's known as...

• financing
• proof of insurance
• cash payment

this will pay for bodily injuries/hospital bills

• comprehensive insurance
• personal injury protection

protects you if you get into an accident and the person who caused it DOESN'T have insurance

• liability insurance
• uninsured/underinsured motorist protection

APR means the same as...

• deductible
• interest
• financing