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comparison of rates a car insurance between US states
We continue cycle of articles a theme about auto insurance in U.S. The beginning about a theme of insurance look California auto insurance.
car insurance cost in U.S.
Today obligatory auto insurance of a civil liability operates in territory of 45 states of the US. In other five U.S. states the legislation demands from the driver of presence at least the minimum insurance package.
Its cost depending on the place of residence of the driver from $500 to $1000 a year.
However insurance conditions, in particular the minimum sum of an insurance covering and size of an insurance payment, it is strongly separated from state to state. In one state the owner of the car cannot register it without the obligatory insurance, in other - from you anybody even will not demand to show the insurance policy before the first incident (accident or an offence).
Quotes for auto insurance in the U.S. are not under control to the state and more often are defined by the insurance companies. The sum of an annual payment is estimated under the difficult scheme of points and the bonuses, considering car cost, and also insurance history of the driver for the last year.
Key parameters of an insurance covering which provides the insurance policy in the U.S., are defined by three basic figures:
Size of the maximum compensation of physical and moral harm on each victim
The sum of payments to all injured with accident
The sum on material damage compensation.
Depending on state, the minimum sums of insurance compensation can vary from 10/20/5 («the fractional scheme» records of type of the auto insurance we already described this in our blog earlier) or $10,000 / $20,000 / $5,000 for Mississipi to 50/100/25 in the State of Maine.
In California the auto owner is obliged to have the policy with the minimum insurance of responsibility on a case of physical injuries and a material damage from calculation of $15,000 if one person has suffered, $30,000 if have suffered more than one person, and also $5,000 on a material damage covering.
In the State of New York and in District of Columbia where there is an American capital, parametres of auto insurance the following: 25/50/10, and, for example, on Aljaska:- 50/100/25.
But practically in each state insurers will suggest you to buy "the voluntary" policy of auto insurance in addition to the minimum and obligatory insurance package.
Keep in mind!
Considering love of Americans to any judicial proceedings, it is frequent expenses on compensation of a damage by a guilty party reach the six-digit sums.
If the sum of the judicial claim exceeds a cover amount of the insurance policy, the account of the originator of road and transport incident instantly passes in the order of the insurance company and the judicial executor.
Therefore the majority of the Americans especially possessing own business, appreciating time and money, aspire to secure as much as possible itself against similar unexpectedness, assign all possible expenses on insurers. In it is necessary to follow them an example!
In the U.S. there is a set of the insurance companies which offer a great number of various schemes of insurance on a choice. How many it on the average costs?
For example, in New York the 40-year-old married man, having middle class the car of 2007 of the release, spending the night in garage of safe "sleeping" area, which day needs to pass in the business and family purposes about 20 miles, will pay $2,500 a year as an insurance payment.
For comparison – in Washington this sum – an order of $1,000.
A number of the large insurance companies in general can refuse to insure the drivers who have got in «group of high risk». It too should be meant.