Car insurance is regulated at the state level. While each state has its requirements and expectations, this insurance has become mandatory in most places. Every state demands basic liability coverage for every driver. If you get into an accident, this insurance will serve as protection and cover the other party's expenses. However, the requirements vary per state. For instance, Idaho follows a 25/50/15 condition while Arizona is at 15/30/10. These numbers stand for bodily injury maximum for one person injured, the physical injury maximum for all injuries inflicted in a single accident, and the property damage caused in one accident.
Insurance Rates are Affected by Many Factors
Auto insurance providers use a variety of criteria when assessing an applicant. They also have clear guidelines on what groups of drivers they accept and how much will be charged people who are considered risky. This means that if two or three companies evaluate your application, they will end up with different conclusions and offer different rates. While the rules for each company are different, most will look into your insurance history report and your credit history to evaluate you.
Your Car's Model is Taken into Account
The majority of auto insurance providers also take into account the type of car you're driving when setting your policy rates. For instance, if you are driving a model that's expensive to fix, then your provider will be shelling out more money. If your car is a model that's unlikely to be stolen, then the odds are high your insurance company won't be paying for a replacement. These factors can have an impact on your policy rates.
Every driver should have basic liability coverage. Make sure you research on everything related to car insurance to ensure that you make the best possible choice.
At Western Pacific Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at 702-932-3105 or Click Here.