There are many factors that go into the car insurance requirements in your state. These factors typically include population, number of auto accidents per year, cost of living, size, city life and so on. Although these factors certainly play a huge role in the overall auto insurance requirements for your state, there are other factors that could affect the final quote as well. For example, you should determine whether or not your state operates on a fault or no-fault policy. The difference is that a fault policy would compensate only the party victimized by the party at fault. However, this assumes there is a person at fault in every accident, and tends to get complicated.
Alternatively, if your state car insurance requirements operate on a no-fault policy, then insurance benefits are compensated regardless of fault. Naturally, the no-fault policy tends to put insurance holders more at ease when on the road. Twelve U.S. states operate on no-fault car insurance requirements. These states include Florida, Michigan, New York, Pennsylvania, New Jersey, Hawaii, Kansas, Kentucky, Massachusetts, Minnesota, North Dakota and Utah. Three of the states New Jersey, Pennsylvania and Kentucky offer residents a choice between fault and no-fault requirements. All the rest of the states not included in this twelve have fault requirements for auto insurance.
Although fault and no-fault may be broad categories, each state also has its own specialized car insurance requirements that vary from state to state. Since these specializations can be detailed and complex, you might want to discuss them with your insurance agent first. In the mean time, it's always a good idea to research any specifications on your own and see how they compare to other states. Knowing this information will help you get the best deal out of your auto insurance and will help you make better choices in the future.
Finding out your Options when your Auto Insurance Denies your Claim
As if dealing with the hassle of an auto accident wasn’t enough, your insurance company has now denied your claim. Your car is wrecked, you’re out several hundred or more dollars, and y...
Read More →
Can I Keep the Auto Insurance Claim Money and Repair the Damage Myself?
When you make a claim on your auto insurance after an accident or an incident that caused damage, you will receive funds to make repairs after an estimate is obtained for the cost. If you do not ha...
Read More →
Who is Covered by my Car Insurance if I am Not Driving?
If your friend borrows your car while hers is in the shop, or if your son lets a friend drive the family car, the coverage for the vehicle will be provided by your insurance, in most cases. While e...
Read More →