And if you rear-end someone, your car insurance company would pay the $10,000 repair bill to fix the other person's car. In another example, say you paid $100 per month for a full coverage insurance ...

We answer your questions on how car insurance works; what it is, if you need it, what it covers, what a deductible is and much more. Read our guide here.

Single-payment lease: Just as you can pay cash to buy a car, you can pay the total lease amount and fees. The positive: You often pay less because the company gets its money up front.

Car loans work by providing a lump sum of money for you to buy a car. Then, it's yours to drive, while also making monthly payments on the loan (with interest) over time.

Not all companies offer pay-per-mile insurance — and it's not available in every state — but if you work from home, are retired or just don't use your car that often, you could see ...

Aim to spend no more than 10% of your monthly take-home pay on a car payment, but you may have flexibility in your budget. Credit cards . Credit cards ; ... Here’s how it works.

Here is how car insurance works. ... You should also save any documentation, such as a police report if there is one, and a receipt if you had to pay for your car to be towed.

For many of us, Tax Day comes but once a year. For others, taxes come due more often. Freelancers, small business owners and ...

The cost is usually between $50 and $250 per year. Whether your insurer or your bank is a better choice for you will depend on your situation, including how big a down payment you've made and the ...

Pay-per-mile insurance is a type of car insurance policy that calculates your premiums based on the miles you drive. If you're a low-mileage driver (e.g., those who work from home, retirees ...

Consider car prices: With the average new car costing around $49,740, a typical down payment could mean coming up with nearly $10,000 — which isn’t realistic for everyone.

CNBC Select explains how car rental insurance works on your credit card and reviews which of our favorite credit cards offer it.