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  This may include car damage or loss due to fire, hail, vandalism, or theft. For rental cars, there is also a type of car insurance that will pay for damages caused by an accident on the road. You can also try to restrict the number of drivers on your car insurance policy as it might increase your premium payments later on. Cars don't come cheap either. You wouldn't want to invest $15,000 into a car only to get into an accident a week later.

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