Insurance premiums can be a major factor in your automotive decision. Most states/provinces require that automobiles be insured. If you have a loan on the vehicle, insurance is mandated by the bank to assure loan payment if the vehicle is wrecked. Auto insurance can protect against damage and theft, property damage, and personal bodily injury expenses. Many insurance coverage levels can be purchased. The contract that you decide on is called your insurance policy. Insurance costs depend on your age, driving record, gender, marital status, grades, vehicle model, where you live, and normal driving routes. For beginning drivers, auto insurance can be expensive. Speeding, moving violations, and accidents can substantially increase your insurance premiums. Insurance premiums are usually set up on a monthly, 3-month, 6-month, or yearly billing cycle. Be sure to have your insurance card in your car at all times. Auto insurance coverage levels include: