Auto Insurance Law » Medical Payments

Finding Auto Insurance Comprehensive Coverage

admin — Sun, 06 Jun 2010 19:43:35 +0000

You can go online to easily find and quote auto insurance comprehensive coverage.

The definition could include basically (2) trains of thought. Often the term comprehensive merely applies to thorough physical damage in the event of loss to the vehicle itself. That’s when auto insurance comprehensive coverage comes into play.

The other thought relates to overall benefits that include bodily injury, uninsured motorists, medical payments, under insured motorists, comprehensive and collision features. That essentially provides broad and pretty thorough coverage.

A broad range of coverage’s naturally determine the final premium to be paid. You can adjust by picking and choosing, then requiting and eventually come up with a tailored policy the suits you and hopefully your pocket book.

Laws require we at minimum carry liability insured and lenders that finance our vehicles insist on comprehensive and collision during the time they are financing your auto – that’s of course to protect their investment. Once the loan has been paid off you no longer are required to provide that coverage. Of all the elements available that portion of the coverage generally by far is the most expensive.

The costs of insurance are impacted by age, past driving experience, type of use, and what the vehicle is and its costs. It’s worth checking out some quotes online before you even purchase a vehicle because in some cases you could be in for a huge shock and may want to re-think your choices.

So when it comes to finding what you need it’s quite simple. You go online, type in auto insurance comprehensive coverage and you’ll have many resources to use in shopping for your coverage’s and do it for free as well. Easy, fast and very convenient.

By: Rolf Rasmusson

California Auto Insurance – Simples Steps to Help Lower Your Auto Insurance Rates

admin — Thu, 03 Jun 2010 18:18:29 +0000

California auto insurance is compulsory for all drivers in the state. California is a tort state, which makes you financially responsible for injuries and damages in auto accidents. Maintain a good driving record with higher deductibles to arrive at affordable California auto insurance with sufficient coverage. Of course, other factors like number of miles driven each year, driving experience, etc. play prominent roles in deciding your insurance rates.

What decides my financial responsibility?

You can prove your financial responsibility in any one of the following ways:
Have an automobile liability insurance policy Surety bond for $35,000 from insurance company to do business in California Self-insurance certificate of DMV, if you own more than twenty-five vehicles Cash deposit with DMV for $35,000

What is the minimum coverage available?

California auto insurance offers minimum liability insurance of $15,000 for physical injury or death per person per accident, $30,000 for all persons affected in an accident, and $5,000 for damages to property per accident. Your insurance coverage should have this minimum coverage; otherwise, you should provide alternative methods of paying for damages due to any accident. California law does not make other coverage like collision, comprehensive, medical payments, uninsured motorist, etc. compulsory.

How you can acquire auto insurance?

There are many insurance companies in California offering different insurance rates for their policies. Different companies calculate their rates according to their experiences, expenses, losses, etc. You need to scout around for various insurance companies, agents, brokers, etc. to get a fair idea of different rates in same geographical region. You can take help of the Internet or call up different insurance companies to gather information. Thereafter, you can choose the most suitable insurance company, which offers necessary coverage at rates affordable by you.

What if no company is willing to insure my vehicle?

It is possible that no California auto insurance company is willing to provide you coverage. You can then receive liability coverage through California Automobile Assigned Risk Plan (CAARP). You need to approach such agents or CAARP directly. They then assign your application to any licensed insurance company. All such insurance companies have to accept CAARP applicants and there can be no broker’s fees or charges. You can take up a regular insurance from standard companies after three years of clean driving record.

By: Austin Davis

Best California Auto Insurance

admin — Tue, 02 Mar 2010 08:39:00 +0000

Auto insurance with optional coverage is required to meet the vast expense of money involved in accidents. In California, auto insurance for drivers is required by the law. Through the best California auto insurance, a driver or car owner gets proper protection against liability for bodily injury and other property damages.

The primary consideration in choosing the best California auto insurance is the insurance price. An inflated insurance rate will increase expenses and may prevent you from purchasing a new car. The best California auto insurance offers good coverage at an affordable rate. It offers comprehensive service over inopportune auto incidents, fire, theft and natural disasters. In addition, the best auto insurance has the credit for handling all types of auto claims fairly and quickly, and shows good financial stability of A+ or above. The best California auto insurance is capable of covering almost all insurance aspects, including the liability and uninsured motorist coverage for $100,000 or $300,000 or $100,000, medical payments for $5,000, collision coverage for $500 and comprehensive coverage for $500.

As auto insurance is mandatory by California law, the demand for auto insurance is high. There are a number of auto insurance agencies with a range of insurance schemes. So, drivers should be careful when selecting their auto insurance. A thorough search of more than 25 auto insurance agencies is essential to choose the best auto insurance. In addition, you can gather information from the online quotes of different insurance companies and from auto insurance specialists. Individuals can evaluate rates and services with different insurance providers and decide on the company that provides the best auto insurance.

A leading auto insurance vendor in California, Progressive Auto Insurance offers the best auto insurance for commercial and non-commercial automobiles. Having a customer base of more than 12 million, the provider is at the top in supplying insurance products into newer territories. California auto insurance is also available online.

By: Eric Morris

Auto Insurance Basics

admin — Thu, 25 Feb 2010 05:58:27 +0000

Auto insurance is a contract that protects your financial security in case of an accident. Although it is not mandated by federal law, the purchase of auto insurance is usually a requirement in most states; every state (with the exception of New Hampshire and Wisconsin) have minimum insurance laws.

These two states, instead of having insurance requirements, have mandated financial responsibility laws, so that the owner of a car is required to show that he has sufficient funds to pay any necessary claims. If said owner cannot produce proof of satisfactory assets, then he must buy an auto insurance policy. Regardless of the law, having good auto insurance is practical for the driver who wishes to avoid lawsuits or immense repair bills.

According to the Insurance Information Institute (III), a basic auto insurance policy is comprised of six basic types of coverage. While some of these types of coverage are required by state law, some are considered optional.

These are: 1. Bodily injury liability 2. Property damage liability 3. Medical payments or Personal Injury Protection (PIP) 4. Collision 5. Comprehensive 6. Uninsured/Underinsured motorists coverage

Liability Insurance

Liability coverage is the foundation of any car insurance policy, and is required in most states. If you are at fault in an accident, your liability insurance will pay for the bodily injury and property damage expenses caused to others in the accident, including your legal bills. Bodily-injury coverage pays for medical bills and lost wages.

Property-damage coverage pays for the repair or replacement of things you wrecked other than your own car. The other party may also decide to sue you to collect “pain and suffering” damages.

Liability insurance (both bodily injury and property damage) is the foundation of most auto insurance policies and is ideal if you are seeking a low cost car insurance policy. Every state that requires auto insurance mandates the purchase of property damage liability, and Florida is the only state that requires auto insurance but does not call for bodily injury liability. If you are at fault in an auto accident, your liability coverage will pay all the expenses, bodily injury, property damage, and any legal bills. The bodily injury coverage would pay for medical bills and lost wages; the property damage coverage would pay for any auto repairs, or replacement. Property damage liability usually repairs damage to other vehicles, but can also cover damages to things such as lamp poles, fences, buildings, or anything else that your car may have struck.

Remember, although purchasing only the minimum can get you a cheap auto insurance rate, if you cause a serious accident, minimum insurance may not cover you adequately. That’s why it’s a good idea to buy more than what your state requires. If you own a home and have nest egg and a savings account, you should consider more liability insurance because, in most states, drivers are allowed to sue other drivers who injure them in car accidents. If you’re sued and your liability insurance doesn’t pay for all of the damages, your personal finances are on the hook, and it’s likely you’ll become a target.

Collision and Comprehensive Coverages

If you cause an accident, collision coverage will pay to repair your vehicle. You usually can’t collect any more than the actual cash value of your car, which is not the same as the car’s replacement cost. Collision coverage is normally the most expensive component of your car insurance rate. By choosing a higher deductible, say $500 or $1,000, you can keep your premium costs down. However, keep in mind that you must pay the amount of your deductible before the insurance company kicks in any money after an accident.

Insurance companies often will “total” your car if the repair costs exceed a certain percentage of the car’s worth. The critical damage point varies from company to company, from 55 percent to 90 percent.

Comprehensive coverage will pay for damages to your car that weren’t caused by an auto accident: Damages from theft, fire, vandalism, natural disasters, or hitting a deer all qualify. Comprehensive coverage also comes with a deductible and your insurer will only pay as much as the car was worth when it got wrecked.

Because insurance companies normally will not pay you more than your car’s book value, it’s helpful if you have a rough idea of this amount. Check the Kelley Blue Book or the National Automobile Dealers Association. If your car is worth less than what you’re paying for the coverage, you’re better off not having it.

Neither collision nor comprehension insurance is required by any of the states, but some lenders, when the owner finances the car, may require the purchase of collision and comprehensive in the loan agreement. Even when it is not required, collision and comprehensive coverage is highly recommended by the insurance industry, so that in the unforeseen event of damage or theft, the owner of the car can avoid heavy bills. Theft of cars is not as unusual as some people may think. In 2004, a car was stolen in the United States every 26 seconds, and a car had a 1 in 190 chance of being stolen.

Medical Payments, PIP, and No-fault coverages

Medical payments (MedPay) coverage will pay for your and your passengers’ medical expenses after an accident. These expenses can arise from accidents while you’re driving your car, someone else’s car (with their permission), and injuries you or your family members incur when you’re pedestrians. The coverage will pay regardless of who is at fault, but if someone else is liable, your insurer may seek to recoup the expenses from him or her.

Personal Injury Protection (PIP) coverage is an extended form of MedPay. PIP may cover expenses that are related to injury, but not necessarily medical, such as lost wages, childcare and funeral costs. PIP coverage is currently required by sixteen states. If you are already insured under a good health insurance policy, then fortunately, there is no need to buy more than the minimum required amount of PIP or MedPay insurance.

If you have a good health insurance plan, there might be little need to buy more than the minimum required PIP or MedPay coverages, if at all. And, if you already have disability insurance, there’s little reason to purchase higher-than-minimum amounts of PIP.

Uninsured/Underinsured Motorists Coverages

Uninsured motorists (UM) coverage pays for your injuries if you’re struck by a hit-and-run driver or someone who doesn’t have auto insurance. It is required in many states.

Underinsured motorists (UIM) coverage will pay out if the driver who hit you causes more damage than his or her liability coverage can cover. In some states, UM or UIM coverage will also pay for property damages. Similarly, underinsured motorists insurance will cover any damage caused when you are struck by a driver who is not insured for a sufficient amount.

If you are hit, as a pedestrian, underinsured coverage will cover the expenses. Uninsured motorists insurance is currently required by twenty states, and Underinsured motorists coverage is required by only four: Connecticut, Minnesota, Maine, and Vermont.

You’ll probably want to have at least the minimal amount of UM/UIM because if you can’t find the other driver, you’ll at least have some coverage for pain-and-suffering damages.

Add-on Features

Several supplemental auto coverages are available, either as separate premium items or included in augmented policies. -Rental reimbursement, a common add-on, covers vehicle rentals required because your car is damaged or stolen. -Coverage for towing and labor charges in case of a road breakdown is also common. -Gap coverage for your new car will pay the difference between the actual cash value you receive for the car and the amount left on your car loan if your vehicle is totaled in an accident.

Basic auto insurance is required by virtually every state and is typically the cheapest auto insurance in the marketplace. Proof of insurance is required at different times throughout the life of a vehicle.

You may be asked for proof of insurance at any and all of these times: at vehicle registration, at the time of an accident, and any time when driving the vehicle. It is suggested that the owner of the car keeps proof of insurance in the car at all times, instead of on his or her person, so that it can be available at all times, no matter who is driving.

Any violations of state law regarding auto insurance could result in, at best, a hefty fine, and at worst, suspension of your driver’s license and/or time in jail. The dire consequences of driving while uninsured are not worth the neglect of paying for insurance. The chance that an uninsured driver will avoid detection is slim; he is likely to be caught and strictly punished.

By: Amy Danise

Things to Consider About Colorado Auto Insurance

admin — Sun, 14 Feb 2010 14:21:35 +0000

As the Recession continues to worsen, and gas prices continue to soar one can’t help but reflect on all the other necessities in our lives that will be impacted. Many of us have to drive to and from work, and considering what gas prices cost these days, only wish we could car-pool or take public transportation.

So the question arises, since I reside in a State that makes auto insurance mandatory, how can I find the most affordable car insurance? How can make sure I obtain coverage that meets my needs when there are so many to choose from?

First thing it would be important to know is the minimum coverage by Law for the State of Colorado. Colorado requires that liability for each individual injured party in an accident, the coverage should be $25,000 maximum payout for each person. The total maximum payout for all injured parties would be $50,000 liability for a single accident.The total property damage liability for a single accident is $15,000. What this means is that you must have as a bare minimum $25,000 per person for injuries caused to another person, up to $50,000 for all parties injured in the accident you were involved in and $15,000 for damage you caused to the other party’s property.

Again these are minimum coverage by Colorado State Law. When considering Colorado Auto Insurance you should consider higher levels of coverage if you have assets to protect.In addition to considering the protection of your assets, optional coverage such as medical payments, collision, comprehensive and underinsured motorist bodily injury coverage may be the way to go.

The driving force for how Colorado Auto Insurance premiums are determined is based upon state driving records as a whole. What happens is that insurance companies take the cost of providing coverage for all Colorado drivers (including settlements and legal fees) and divide it up among all the drivers in the state. While I would like to tell you that the cost is distributed evenly, that is not the case.

The percentage paid by you as an individual driver is determined by the following:

Your driving record Your age Your logistics Type of vehicle you driveLet’s face it, if you are under 25 it doesn’t matter what state you live in, it is going to cost more to insure you.It doesn’t matter if you are driving a Pinto, a Viper or a Mustang GT your age works against you. Red cars and black cars cost more to insurance than grey or blue. A sports utility vehicle costs more to insure because they are highly sought after by car thieves. The concept of installing GPS tracking chips to deter auto theft is beginning to become more common. It would be foolish to the extreme to steal a car that can be traced in a matter of minutes, wouldn’t it? Security systems also lower your auto insurance rates. Often you may find during the questionnaire you will be asked whether you will be using your vehicle for pleasure or work and on average how many miles you will drive. These are all determining factors in what your insurance premium will be. Obviously by driving more, you increase your chance of a motor vehicle accident. So do yourself a favor: protect both your assets and your wallet by comparison shopping before selecting a Colorado Auto Insurance.

By: Anthony M. Peck

Auto Insurance Breakdown

admin — Mon, 01 Feb 2010 14:23:48 +0000

Auto insurance is an important, and, in most states, legally required protection for drivers. Auto insurance applies to vehicles such as cars, trucks, and motorcycles, but also applies to boats. It is primarily designed to protect motorists, but also protects individuals, such as pedestrians, who may be injured by an auto, or property owner’s whose property is damaged by an auto.

There are many different types of auto insurance, so I would like to give you a general overview of the available options. Fortunately, the different types of auto insurance can be easily broken down by the level of coverage that they provide. The levels range from the highest possible to the bare minimum required by law.

First of all, there are two basic categories of auto insurance: collision insurance and comprehensive insurance. Collision insurance covers damage to the vehicle if it is damaged in an accident. Comprehensive coverage offers more protection because it applies to a wider range of situations including theft of the automobile.

It is easiest to start with the minimum level, which is know as liability coverage. Liability insurance pays for injuries or damages sustained by other vehicles and people involved in an accident that is caused by the policyholder. For example, if the motorist causes an accident in which both party’s vehicles are damaged, liability coverage pays only for the damage to the vehicle of the driver who was not at fault in the accident, and not to the driver who was at fault.

Liability is required by law in many states because it also covers personal injury protection to people injured in accidents. Thus, it ensures that any person injured in an auto accident, through no fault of their own, is covered by the insurance of the responsible party.

Personal injury protection (PIP) and medical payments (MP) are not included in liability. However, the next level of insurance, collision insurance does covers these two expenses.

Personal Injury Protection covers the policyholder for time and medical expenses required for the maintenance of a vehicle. This covers lost wages should a person need to bring a vehicle to a mechanic and must miss work as a result.

Insurance can also cover medical payments, which refers to the cost of treatment if the policyholder is injured in an accident and the cost of that treatment exceeds the limits of personal injury protection.

Collision coverage includes the liability of the driver to other parties, personal injury protection, and medical payments. It also covers damage to the policyholder’s own vehicle in the event that it is damaged in an accident, regardless of whether the insured is at fault in the accident or not. Therefore, even in a single car accident, the policy of the driver covers the damage that his or her car incurs. In a two car accident, all damage is covered by the person found to be at fault in the accident.

If the policyholder’s vehicle is damaged so badly in an accident that it must be replaced, collision insurance will pay for the value of the damaged vehicle towards the purchase of a new one. However, collision insurance does not cover the theft of the vehicle, damage from a fire, or damage due to weather, such as hail.

Comprehensive coverage offers a higher level of protection for the policyholder. It covers liability, PIP, MP, and damage to the vehicle if it is involved in an accident. Comprehensive coverage will also pay for a new vehicle if the vehicle of the policyholder is stolen or damaged in a fire.

Although both collision and comprehensive coverage can protect the policyholder from the cost of vehicle replacement, it is not perfect. This is due to the fact that the value of vehicles depreciates over time. These types of insurance will only pay for the value of a totaled (destroyed) vehicle, regardless of the cost of the vehicle when new.

However, there is a third type of insurance that can protect the policyholder from this kind of depreciation. GAP insurance protects the consumer from the depreciation in value of a vehicle.

It is obvious that auto insurance is complex, and it is important to understand all of the available options before making a choice. Different states have varying requirements, so it is important to ask question not only about the type of coverage you are purchasing, but about the requirements of your state, as well. Remember, accidents are called accidents because they are not deliberate, and always come as a surprise. Make sure that you have the appropriate coverage for you and your family in advance, to protect against unforeseen events, such as accidents.

By: Gena Woodard

California Auto Insurance Laws

admin — Sun, 03 Jan 2010 16:06:18 +0000

California law requires that drivers have evidence of auto insurance if they are driving their own car or someone else’s. People who own a vehicle but don’t drive it are still obligated to have auto insurance in California.

California’s Compulsory Financial Responsibility Law necessitates all drivers and owners of an automobile to be financially responsible for their actions. The statutory minimum limits of liability insurance in California are that the person responsible for an accident that results in the death or injury of one person is liable for $15,000, or $30,000 if there are multiple injuries in one accident. The responsible party is liable for $5,000 of property damage for any one accident.

There are four techniques to realize financial responsibility, including coverage by a motor vehicle or automobile liability insurance policy, a cash deposit of $35,000 with the Department of Motor Vehicles (DMV), a certificate of self-insurance issued by DMV to owners of fleets of more than 25 vehicles, or a surety bond for $35,000 obtained from an insurance company licensed to do business in California.

When a vehicle is in an accident for which the driver is established as a legally liable, bodily injury liability covers their liability to others for injuries to them, whereas property damage liability covers their liability for damage to someone else’s property.

All California drivers and owners need to have at least the statutory limits of minimum liability insurance or an approved substitute method to compensate for injury or property damage they may bring about. Penalties are extremely harsh for nonconformity with this segment of the vehicle code. Comprehensive coverage (other than collision), uninsured motorist, medical payments, and collision insurance are not required by law but can be a good investment.

By: Eric Morris

Auto Insurance 101

admin — Fri, 20 Nov 2009 06:53:02 +0000

Auto insurance, as the term suggests, is insurance that you can purchase for your vehicle (cars, trucks, SUVs, motorcycles, etc.). It provides protection against losses incurred as a result of vehicle accidents. While the product seems simple, there are many different types of auto insurance policies available for purchase. Depending on the policy that you choose, your coverage levels and types will vary. Broadly speaking, these are the types of auto insurance programs on the market today:

Coverage:

• ‘Comprehensive coverage’ (Comp) – This kind of insurance insures your vehicle against the cost of purchasing a new vehicle if it is stolen or destroyed in a fire.

• ‘Collision coverage’ (Coll) – This kind of insurance insures your vehicle against the cost of repairing the vehicle following an accident or the cost of purchasing a new vehicle if it is damaged in an accident beyond economic repair.

Protection:

• Personal Injury Protection (PIP) – This insures against the cost of medical expenses and lost wages related to the use, ownership or maintenance of a motor vehicle. This insurance is mandatory in some U.S. states.

• Medical Payments (MP) – insures against the cost of medical expenses for bodily injury sustained in an accident beyond any expenses that may be covered by PIP.

• Legal liability claims against the driver or owner of the vehicle following the vehicle causing damage or injury to a third party.

While ‘Liability insurance’ covers only legal liability, ‘comprehensive insurance’ covers PIP, MP, as well as legal liability. In the United States, liability insurance covers claims against the policyholder and any other operator of the insured’s vehicle. If, however, any other operators live at the same address, they must specifically be covered on the policy. For rented vehicles, most rental car companies offer insurance to cover damage to the rental vehicle.

While comprehensive insurance covers most aspects of damage which can affect the car itself or the driver, there is one risk associated with buying a new car is not covered even by comprehensive insurance – once the car is bought, there is a sharp decline in its value. During this period (immediately after a car is bought), in which the remaining car payments exceed the value of the vehicle and thus the compensation the insurer will pay for a ‘totaled’ (destroyed, or written-off) vehicle, customers may consider purchasing ‘GAP insurance’. GAP insurance was established in the early 1980’s to provide protection to consumers based on buying and market trends.

By: Chris Tolamalu

What Is Auto Insurance And Why Do I Need It?

admin — Fri, 06 Nov 2009 11:16:26 +0000

Auto insurance provides financial protection in case you are involved in an auto accident. If an accident occurs, an auto insurance policy provides financial coverage to pay any resulting vehicle damages, property damages, and/or medical costs. The amount of money the policy provides versus the amount of money you pay out of pocket will depend on the type of coverage purchased, the financial limits of each coverage, and your deductible.

Because, all states have financial responsibility laws you must have at least auto liability insurance, or you must have sufficient funds and/or assets, based in you states requirements, to pay any damages you cause in an auto accident. In addition, many financial lenders require a certain amount of auto insurance until the car loan is repaid.

What type of auto coverage is available?

There are basically six types of coverages available through reputable insurance companies. Each coverage provides financial protection for different types of losses and damages, and is priced separately.

1. Bodily Injury Liability Mandatory in most states

Pays up to the coverage limits for damages due to injury or death of others you cause, and for legal costs.

2. Medical Payments or Personal Injury Protection (PIP) Optional in most states without no-fault coverage

Pays up to the coverage limits for physician, hospital and funeral expenses for you and/or your passengers injured or killed in an accident.

3. Property Damage Liability Mandatory in all states

Pays up to the coverage limits for someone else s damaged vehicle or property for which you or the operator of your vehicle is legally responsible.

4. Collision Required for vehicle loans

Pays for damage to your vehicle caused by a collision or rollover. Depending on your deductible, you will need to pay some of the expense out of pocket. Deductibles range from $250 to $1,000.

5. Comprehensive Required for vehicle loans

Pays damage to your vehicle caused by theft, fire, vandalism, flooding, hail, or collision with something other another car such as an animal. Deductibles range from $100 to $300.

6. Uninsured and Underinsured Motorist Coverage

Pays up to the coverage limits for injuries and damages an uninsured or an underinsured motorist causes to you, your family and your vehicle.

How much coverage do I need?

Most states only require the minimum amount of liability coverage. However, you should consult with your insurance company to discuss the best type and amount of insurance coverage you will need based you your driving habits. The minimum coverage may not be enough to pay for all the damages caused by you. The Insurance Information Institute (I.I.I.) recommends that you have $100,000 of bodily injury protection per person and $300,000 per accident.

By: Alexei Timchuk

Auto Insurance

admin — Wed, 04 Nov 2009 12:41:20 +0000

Auto insurance is a contract with an insurance company that helps to protect you against severe financial loss if you are ever in an auto accident Auto insurance is required to protect yourself from road and auto accidents and may include losses for liability, medical payments and any physical damage resulting from the accident. The coverage of a personal auto policy includes the insured, his family members, friends and associates that may borrow the car.

Automobile insurance includes vehicles like cars and bikes and is available for everybody. Most states have laws that require basic auto insurance coverage for every driver. Only some states ask that you display financial responsibility. If you are involved in an auto accident or stopped by a police officer and found to be driving without car insurance or proof of financial responsibility, you will have to pay a fine or specific to the laws of your state which may also include loss of driving privileges. The financial responsibility law states that you have to demonstrate having sufficient assets to settle any judgments against you which may arise out of an auto accident. If you are uninsured and in an auto accident that involves property damage or injuries to people, you will be required to pay for any damages assessed by a court.

However, having automobile insurance does not prevent a person from suing you. It does assure that the financial and legal resources of the insurance company will assist you in defending the suit and paying for the damages in the case of an automobile accident.

Since most states require auto insurance from all drivers, the states have assigned risk plans to assure coverage. The plans vary from state to state, but assigned risk policies are usually expensive, because a bad driving record makes you a bad risk for any insurer. Most auto insurance policies are non-assessable. If you do have an assessable policy, you can be assessed an extra amount if your insurance company has had an extraordinary amount of car accidents that year.

Auto insurance rates have fallen considerably across the U.S. in the last two years. The reasons contributing to this decline are:

Safer cars

Falling crime rates

Stringent drunk driving laws

Increased competition among insurance companies

Ageing of the population

With a growing need for auto insurance, many insurance companies now offer specific auto insurance deals tailored to the consumer.

By: William Brister