The state of California has made auto insurance an absolute requirement before you can drive a vehicle. It is against the law to be driving without insurance and if caught, you face getting a hefty fine or getting your license suspended. However, with all the different types of coverage and the ever increasing number of insurance companies, it makes getting auto insurance more complicated than it used to be. The presence of the internet has made competition between auto insurance companies even more fierce. Many companies offer low rates to get more business, but cheap does not necessarily mean you are getting all you need and vice versa.
California Auto Insurance Trends & Online Quotes
The state of California has made auto insurance an absolute requirement before you can drive a vehicle. It is against the law to be driving without insurance and if caught, you face getting a hefty fine or getting your license suspended. However, with all the different types of coverage and the ever increasing number of insurance companies, it makes getting auto insurance more complicated than it used to be.
The presence of the internet has made competition between auto insurance companies even more fierce. Many companies offer low rates to get more business, but cheap does not necessarily mean you are getting all you need and vice versa.
The best way to get the best deal is to shop online. Due to the strong competitions, getting online quotes from multiple companies simultaneously will be a breeze. Get to your search engine, and type in your area and put in the word "auto insurance" the websites will appear like mushrooms! Before getting any quotes, understand the basic requirement first. The state of California requires the minimum liability insurance to be 15/10/5. This means, that if one person is injured, the Bodily Injury Liability will cover from $15,000 to $30,000 per accident and if there is property damage, the minimum coverage limit will be $5,000. A Tort system is followed by the California state.
This system means that if someone is found guilty of causing the accident, that person and their insurance company will be responsible to compensate the damages. Another valuable coverage that you can take (but is not compulsory) is the Uninsured/Underinsured Motorist Bodily Injury. By taking this coverage, you are protected when you are in an accident with someone who does not have insurance or is underinsured.
In 2009, the average premium rates for California are $1,727 while the national average was $1,807. The reason for this is because most people belief that the state & the insurance companies fix these rates and they have no choice. The truth is, each insurance company calculates their rates differently, so it is certainly a great advantage to shop around. This year alone the average auto insurance premium for California climbed up 11% than in 2008, while in 2008 the rates were only higher 1% than the previous year. What does this mean? It means that you should not waste time and start your online search to get cheaper quotes immediately! Online searches and quotes could save you hundreds of dollars.
There are definitely many websites out there that you can checkout, but make sure that its relevant to you and your state. For more information on California auto insurance trends and to obtain quotes, please visit http://www.How2BuyInsurance.com.
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