An auto insurance proposal is a document presented by an insurance firm which gives a description of the terms and conditions associated with an auto insurance policy. Auto insurance covers different types of motor vehicles and gives financial protection in case there is any damage to the automobile due to accidents or collisions or if it is stolen. The terms vary from state to state and firm to firm but depending on the requirements of the potential customer, a proposal is created. The auto insurance proposal must also include the premium amount to be paid by the insured in order to get the necessary protection of his car.

Sample Auto Insurance Proposal:

Name of insurance firm: Green Leaf Auto Insurance

Address: 923 Oltroff Street, Austin

Auto insurance proposal prepared on: February 12, 2012

Proposal prepared by: Jake Lawson

Insurance agent, Green Leaf Auto Insurance

Proposal submitted on: February 15, 2012

Proposal signed and approved by: Ian Wesley

Regional Manager, Green Leaf Auto Insurance

Policy name: Auto Insurance Cover

Purpose: The purpose of this auto insurance proposal is to make the customer aware of the terms and conditions related to this auto insurance policy and how it will provide financial protection in return for a premium amount

Details of Auto Insurance Proposal:

  • The term of the auto insurance policy shall commence from March 1, 2012 to March 1, 2014
  • The insured shall pay an annual amount of $5,000 to the insurance company in return for insurance services
  • The policy covers damages to the car due to accidents, robbery and collision