Most people know that there is a minimum auto insurance coverage required by law in most states˳ Many however may not be aware that this minimum required differ from state to state˳ That you have the minimum required by state A does not mean that same coverage would be suitable in state B˳ It is therefore necessary to know the minimum car insurance coverage required in your state of residence˳
As a way of showing us an example, we would look at a change that occurred in the state of Alabama˳
The state of Alabama reviewed its minimum car insurance coverage required by law as follows:
$20,000 for bodily injury to one person
$40,000 for all persons involved
$10,000 for property damage
This is viewed as ample enough for your coverage˳ This is for Alabama only and is not as high as some states like Oregon with amounts of $25,000/$50,000/$10,000 respectively for bodily injury to one person, bodily injuries for all involved and property damage˳
This increase can be looked at from an angle which could result in two actions˳ You could infer that the government raised the minimum coverage required because of an expected increase in accident occurrences˳ If you draw this conclusion, then you would do two things˳
1, Be more careful while driving and
2, Get more coverage for yourself to avoid financial loss from under covered drivers and the likes˳
Minimum coverage can be a good guide but they should not be your upper limit when shopping for auto insurance cover˳ Different people have different reasons for wanting the amount of coverage they get˳ Some people go for higher coverages because of the higher sense of security it gives them in the event of an accident in which the other drivers coverage can not cover the damage˳ It is much more wiser to rely on your own coverage than on the other driver’s coverage since you can never be sure that that driver is adequately covered˳
Generally, it is good to note that insurance companies give teenagers higher premium rates because of reckless tendencies recorded among this age group˳ It will therefore be advisable to protect your car hire coverage rates if the car will be driven by a teenager or around teenagers frequently˳
Many online insurance quotes comparison sites can be of help if you are looking an adequate coverage at a very affordable rate˳ Be sure to go for independent quotes comparison sites for your quick auto insurance quotes˳ Living in Alabama, you can find an insurer that would give you a very competitive rate if you just take the time to get and compare quick auto insurance quotes now˳ You would need to specify that you are from Alabama so you would get quotes from insurance companies in your area˳
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