Use this guide to learn what you need to know about buying, leasing, selling, maintaining, repairing, and insuring a vehicle or two.

Frequently Asked Questions
  • How much car insurance do I need?

    Most states require you to have at the very least a minimum amount of coverage for injuries or property damage you cause in an accident. Optional collision coverage covers damage to your own car in an accident. Also optional, comprehensive coverage protects against other risks, such as theft or fire.

  • What should I do if I’m in a car accident?

    In the immediate aftermath of an accident, experts suggest you check for injuries, then try to get your car off the road and out of traffic. Next, check for damage to both vehicles and report the accident to law enforcement. You’ll need to exchange information with the other driver and also decide whether to file an insurance claim.

  • Why do I need to have proof of insurance on hand?

    Simply put, driving without proof of insurance puts you at risk of tickets and fines. Most states allow you to use electronic forms of proof of insurance, but you are required to have proof of insurance in your car to show you are properly insured for bodily injury and property damage liability.

  • How much does it cost to charge an electric car?

    Though they may cost more to buy, electric cars are generally cheaper to fuel and maintain than conventional cars. Electric car owners do the vast majority of their charging at home. Charging an electric car will typically add $30 to $60 a month to your utility bill.

  • Is it better to buy or lease a car?

    There’s no universal answer—It really depends on individual priorities. Your decision will depend on what’s most important to you: getting the best deal, or driving a new set of wheels every few years.

  • How can I save money if I’m financing a car?

    First, make sure your credit history and credit score are in the best condition possible so you can get a better interest rate on an auto loan. Shop around for loans to see who is offering the best deal; don't settle for the loan the dealership is offering.

Key Terms

Explore Car Ownership

How Inflation Has Affected the Price of Cars
Selling a car
How to Write a Bill of Sale for a Car
A sticky note that says “Bad Credit?”
How to Get a Car Loan with Bad Credit
A young man reviews a car insurance policy over the phone.
Why Is My Car Insurance So High?
Car Shopping: New or Used?
Close up hand male giving a key new car on hand female outside her car. Concept of rent car or buying car
How to Save for a Car
Police and driver
How to Get a Suspended License Reinstated
What to Do If You Get a Nonpayment Insurance Notice
How to Cancel Car Insurance
Couple is leasing new car and signing the contract
Can You Lease a Car with Bad Credit?
Used Car With No Title
What Is a Branded Title?
instrument panel showing maintenance required light
How Does Pay-Per-Mile Car Insurance Work?
Broken window
What Is Property Damage Liability Insurance?
Car accident on the road with the drivers standing by the cars
How Car Insurance Treats a Total Loss
A business owner checks his credit score.
What Credit Score Do You Need to Buy a Car?
A young man reviews a car insurance policy over the phone.
How Does Car Insurance Work?
Couple shaking hands with a woman after she sells them a car
How to Trade in a Car That Is Not Paid Off
Proof of Insurance
Why You Need to Carry Proof of Insurance in Your Car
Smiling woman stepping out of drivers seat after parking car
The Best Auto Warranties of 2022
Opening car door with car key
What You Need to Know About Auto Insurance
Traffic jam in Seoul
The Best Car Insurance in California for 2022
Cars in traffic jam during rush hour at city
The Best Car Insurance in Florida for 2022
Ensuring she has a clear view
The 5 Best Temporary Car Insurance of 2022
Teen driver
What to Know About Insuring Teen Drivers
DUI
How a DUI or DWI Can Affect Your Car Insurance
understanding state minimum car insurance coverage for car accidents
How No-Fault Auto Insurance Works
How much insurance is required by law in each state - list
What Is SR-22 Insurance and What Does It Do?
A car accident.
Totaled Your Car? Here's What to Do Next
Filling in a car accident report when you have a car crash
Here’s What to Do (and Not Do) After a Car Accident
License Plate, Keys, and Papers Proving Evidence of Auto Insurance
How Much Car Insurance Do You Need?
Two people checking car accident damage
How Much Does Car Insurance Cost?
Police car parked behind white sedan that's been in an accident, with serious passenger-side damage and broken glass and plastic around it.
Non-Owner Car Insurance: Who Needs It?
Cheap Motorcycle Insurance
Cheap Motorcycle Insurance
Classic Car at the GM/Car Craft Summer Nationals, Minnesota State Fairgrounds, July 25-27 2008
What Is Classic Car Insurance?
Two men shaking hands near two cars, one holds document labeled "Insurance"
How to Find ‘No-Down-Payment’ Car Insurance
A red car drives on a highway near the ocean.
Short-Term Car Insurance: What Is It and How Does It Work?
Midsection of Man Signing Car Insurance Form
Can You Get Car Insurance Without a License?
Car mechanic using computer in auto repair shop
Is Car Repair Insurance Worth the Money?
Food trucks
Do You Need Commercial Car Insurance If You Run a Business?
What Is Subrogation?
The Midsection of Man Writing on Car Insurance Paper
How Car Insurance Companies Value Cars
Standard Auto Insurance Gives Basic Coverage to Qualified Drivers
Metromile Insurance Review: Is Pay-Per-Mile Worth It?
Car Accident
What Is Third-Party Insurance?
A man driving a car adjust the dashboard settings.
Personal Injury Protection (PIP)
Two damaged cars after a car accident
Do You Need Gap Insurance?
Damaged bumpers from car accident
Collision Insurance
Contract Agreement Policy Concept
Underinsured Motorist Coverage
What is Adverse Selection in the Insurance Industry?
Cars That Depreciate the Least
Red luxury sports car in a parking lot
Understanding Luxury Automobile Limitations
Auto accident involving two cars on a city street
Liability Car Insurance
Two car accident with a black car and a gray one
Uninsured Motorist Coverage (UM)
Directly Above Shot Of Car Insurance Claim Form With Toy And Key On Table
What Is Gap Insurance?
Car Insurance Claim Form With Toy And Key On Table
Introduction to Auto Insurance
Car Insurance
A Guide to Purchasing Car Insurance
Family looking at a new car in an auto showroom.
Is a Car an Asset?
Donate a Car
How to donate a car
SUV new Vehicle
What Is a Car Title and Why Is It Important?
Son Hugs His Mother in a Home Garage, Holding Keys and Next to a Car
How Much Does It Cost to Lease a Car?
Woman is plugging/unplugging cable to electric car
How Much Does It Cost to Charge an Electric Car?

Car Ownership