Posts Tagged ‘liability coverage’

Cheap California Auto Insurance

Tuesday, September 21st, 2010

Cheap California auto Insurance can still be easily attainable even when the obligatory requirements of state laws are taken into consideration. California is one of the most densely populated states in the US with a population of almost 37 million individuals. The increasing number of vehicles on Californian roads and highways saw the cost of an annual premium rise by 6% throughout 2009. However, cheap California auto insurance is still possible to find, especially as the average cost of a premium in the Golden State was, on average, around $85 less than equivalent policies purchased in the US during the same period.

There are a number of significant factors that should be taken into consideration when looking to secure cheap California auto insurance:

• Credit history can have a significant effect on auto insurance costs in California. All major insurance companies will take credit ratings into consideration and a bad score will lower your chances of securing cheap California auto insurance.

• Mileage is another major consideration for insurers when trying to establish the cost of a policy. Higher mileage produces an increased risk of being involved in an accident so minimizing your estimated vehicle use will help in keeping premiums to a minimum.

• California state laws make auto insurance compulsory and the minimum level of liability cover for injury to a single individual is set at $15,000. Coverage must extend to $30,000 for multiple injuries caused in an at-fault accident. Additional cover of $5,000 is the obligatory level required for property damage. Cheap California auto insurance can still be obtained, but drivers must ensure they have the minimum state liability requirements in place.

• Comparing rates is imperative in trying to obtain cheap California auto insurance. Individual companies should be considered as well as insurance broker or price comparison websites.

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Posted in California, Cheap Car Insurance, USA |

New Jersey Auto Insurance

Tuesday, September 21st, 2010

New Jersey auto insurance is significantly higher in cost than the national average throughout the United States. Residents of New Jersey paid an average of $2,498 for a policy during 2009 which represents a higher rate of almost 44%. Population density is a significant factor in higher car insurance costs.

New Jersey auto insurance is mandatory throughout the state and all drivers must hold a minimum level of cover before being able to take to the roads. New Jersey uses the Tort system that has proved to be so effective throughout a number of other states and operates on a standard basis.

Drivers must have the correct level of liability cover which covers the cost of damages if a driver is responsible for a road traffic accident. Additionally, personal injury protection is required and this covers the cost of medical treatment for any named person in the policy. This is often referred to as ‘No-Fault Insurance’ as the carrier will pay for expenses irrespective of who is deemed to be at fault in an accident. Finally, New Jersey auto insurance must include uninsured motorist coverage in case the policyholder is involved in an accident where the other driver doesn’t have a sufficient level of cover themselves.

New Jersey auto insurance details must be kept in a drivers’ vehicle at all times and it is mandatory to present it if the vehicle is involved in an accident or if it is requested by a police officer. Additionally, New Jersey auto insurance must also be presented before inspections. Failure to carry insurance documentation can result in fines while driving without New Jersey auto insurance altogether can lead to community service, license withdrawal and higher costs on future policies.

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Posted in New Jersey, USA |

Nebraska Car Insurance

Friday, September 3rd, 2010

Mandatory requirements in Nebraska demand that every motorist has a minimum level of auto insurance. Because Nebraska is a Tort state, it operates using a 25/50/25 system. This means that liability cover is required for the bodily injury or death of one person to the value of $25,000. $50,000 of bodily injury liability is required per accident and property damage cover is set at $25,000.

Using the Tort system that requires a single party to be held responsible for a road traffic accident, state law also asks that drivers are covered for $25,000 per person and $50,000 per accident against uninsured and underinsured drivers. These are the bare minimum requirements demanded by law but motorists are always advised to purchase additional cover wherever possible.

Nebraska insurance companies also have an exclusion section which can prevent some members of a household from being insured on a particular vehicle. All policy holders should be aware of this condition before they sign any exclusion documents.

Failing to uphold payments or continuation on an insurance policy in Nebraska will result in the DMV being notified. This will result in the suspension of a license and driving privileges will be halted until proof of new insurance can be submitted.

Credit histories can be used to assess whether drivers can make monthly or quarterly payments instead of having to pay the whole premium when a policy commences. Credit histories are used to provide an insurance risk score against the policy holder to decide whether they are a payment risk or not. The score also determines the insurance policy cost so keeping a good credit and driving history will help keep premiums lower.

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Posted in Nebraska, USA |

Maine Auto Insurance

Friday, August 27th, 2010

Motorists in Maine are in the fortunate position of having some of the most affordable insurance costs in the United States. Although there is statistical evidence to support the argument that there are less accidents in Maine than in other US states because the area is less densely populated, the detailed levels of compulsory cover would normally make a policy painfully expensive. The average cost of a policy rose by 6% in 2009 to reach an average of $1,407. However, this figure is still $328 less than the average price paid throughout the rest of the country during a similar period.

Maine is a Tort state and drivers are legally obliged to carry a minimum level of liability cover as the current system dictates that responsibility must be assumed by a single party in the event of a road traffic accident. Motorists in Maine must carry a minimum $50,000 worth of bodily injury liability cover per person and $100,000 worth of bodily injury liability per accident. Additionally, all motorists must have $25,000 of property damage coverage.

The state of Maine also has further compulsory insurance requirement and protection must be taken out against uninsured and underinsured motorists to a level of $50,000 of bodily injury liability per person and $100,000 of bodily injury liability per accident.

A further $1,000 of cover is required for medical payments. This covers the cost of medical or funeral expenses for the policyholder or any other person involved in an accident in which the policyholder is deemed to be at fault.

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Posted in Maine, USA |

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