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Automotive dictionary (encyklopedia)

Dictionary of terms and abbreviations for cars (automobiles), motorcycles (bikes),
bicycles, boats, engines, machines, machining and car fixing.

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Gap insurance

This covers you against additional losses not covered by your auto insurance in the case of an accident in which the vehicle is totaled. Most auto insurance will cover the actual cash value of the vehicle and what is owed on the lease contract, including early termination fees. Gap insurance is most important in the early years of a lease when the difference between the value of the car and what is owed are greatest. Some manufacturers now include Gap insurance in their leases.
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Auto Insurance Discounts

There are several discount programmes offered by many insurance companies, which we summarized below. Availability of each discount, discount rates and age requirements may vary by insurance company and by state, indeed. Also be aware that certain types vehicles may not qualify, you should always check with your insurance provider.

Anti-Theft Discount

Vehicles equipped with an alarm or anti-theft device may save you money on your Comprehensive Coverage.

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