Car insurance is a contract between a vehicle owner and an insurance company that provides financial protection against losses caused by accidents, theft, fire, or other damages involving a car.

A loan is a financial arrangement in which a lender provides money to a borrower with the agreement that the amount will be repaid after a certain period of time,

Insurance is a financial arrangement that helps individuals and businesses protect themselves against unexpected losses. By paying a small, regular amount called a premium, the insured person transfers the risk