Auto Insurance Meaning and Definition
Auto Insurance
Pronunciation
/ˈɔːˌtoʊ ˈɪnshʊərəns/
Part of Speech
Noun
Definition
A contract where an insurance company agrees to provide financial protection against potential risks or losses
Etymology
The word “insurance” comes from the Latin “insura”, meaning “security” or “protection”, and the word “auto” comes from the Greek “autós”, meaning “self” or “one’s own”. The term “auto insurance” has been in use since the early 20th century.
Usage Notes
Auto insurance is typically required by law, and coverage can vary depending on the country, state, or province.
Cultural References
Auto insurance has been referenced in several films, including “Risky Business” (1983) and “The Pursuit of Happyness” (2006).
Idiomatic Expressions or Phrases
- “Insure against the unthinkable”
Related Words or Phrases
- Liability
- Bodily Injury
- Property Damage
Collocations
- auto insurance policy
- auto insurance rate
- auto insurance coverage
Frequency of Use
Auto insurance is a common term in everyday conversation, with approximately 1 in 5 households having an auto insurance policy.
Common Misspellings
- AUTOinsurence
- Autoenurance
- Autonserance