i have vehicle insurance but the bank is an addtional intrest on my insurance when i got my premium in the mail it was three diffrent premiums

Free Insurance Quote Comparison

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Sep 8, 2012

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Insurance Question from Philadelphia, PA

Asked on 09/08/2012

i have vehicle insurance but the bank is an addtional intrest on my insurance when i got my premium in the mail it was three diffrent premiums NULL

Answer given on September 09, 2012

While this question is not very clear, I believe you are referring to the coverages under the auto policy. The normal areas are the liability coverage and then there is comprehensive and collision insurance. Since there is a loan on the car, you are required to carry comprehensive and collision coverage.Comprehensive coverage is for fire, theft, vandalism, flood, glass breakage and collision with an animal (such as a deer). Collision coverage is for damages caused by any collision, whether it is with another car, a pole or an object in the road. There are different deductibles for these coverages. Comprehensive usually has a lower deductible than collision. Obiviously the higher the deductible the less exxpensive the insurance.The auto policy breaks down the costs for these three areas of insurance, so that is probably what you are seeing as the three different premiums. Combined, they add up to the total premium for the policy.


IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and FreeAdvice.com AS IS. It has not necessarily been reviewed by the management staff of FreeAdvice.com nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although FreeAdvice.com has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on AttorneyPages.com to represent you.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption