Understand your auto insurance and the factors that can affect
your coverage, cut down on claims and find more auto insurance tips
Do I need auto insurance?
Yes. Nearly every state requires drivers to have auto liability
insurance, and all states have financial responsibility laws that
require you to have enough assets to pay claims if you cause an
accident (if you don't have enough assets, you must purchase
liability insurance). Penalties for not complying with these laws
include fines, driver's license revocation and up to a year in jail
for the first offense.
How much auto insurance do I need?
Your agent can help you determine the amount of coverage that's
best for you. As mentioned above, you will likely need coverage to
protect yourself from liability costs. You may also buy auto
insurance that covers the repair or replacement of your vehicle and
its contents in a variety of circumstances, including being hit by
someone who's uninsured or underinsured.
How are my auto insurance rates determined?
Many factors influence the price of your auto insurance,
- Your driving record
- How often and how far you drive each year
- Where you live
- Your age
- Your car
- Your Insurance Bureau Score
- The amount of coverage you purchase
Does my insurance policy cover a friend if I loan him or her my
If you loan your car to a friend, he or she will be covered
under your auto insurance policy. However, such practices are
discouraged because any accidents could affect your future policy
For additional information about auto insurance and related
Pointers to keep you and your family safe and insured behind the