Auto Insurance Quotes – California
Posted on 08 Mar 2009 | Tagged as: Finance Resources, Online Insurance, Road Cruisers
CA State Minimums
- Bodily Injury Liability (BIL): $15,000/$30,000 Limit
- Property Damage Liability (PDL): $5,000 Limit
*For automobile assigned risk plan drivers, the requirements are $10,000/$20,000/$3,000 Limits
A Tort system is followed in California. This means that someone must always be found responsible for causing an accident. This person and their insurance company will then be held responsible for any and all damages. Contingents of this system can alter by state and you should check with your local DMV office for exact rules.
California does not require it, but if you’d like to further protect yourself, you can opt to get uninsured motorist coverage on your california auto insurance policy. This insurance coverage will protect you against bodily injury caused by an uninsured driver.This can be very worthwhile coverage if you end up being involved in an accident with this type of person.
The average auto insurance premium for residents in California was $950 in 2003; The average nationwide was $914. Some people think the state and insurance companies fix the rates, so they never compare current insurance rates for better rates.
Insurance companies segment their rates differently so everyone’s rate will be different with each company. To save money on auto insurance, you need to shop around. Yoiu can visit several sites to compare auto insurance rates and less epensive prices available in CA, so average Californians can get a better-than-average low rate on their auto insurance.
The first decrease in costs in almost 10 years took place in 2007. That year saw a .5% to 1% reduction in average insurance costs from the previous year. Nevertheless, 2009 has already seen increases in average insurance costs and it is expected to continue for the rest of the year. To find cheaper rates, it’s best to shop online and compare different rates.
In a large state like California, changing demographics cause rates to change over the years. If you don’t keep an eye on your rates and don’t compare current auto insurance rates, you could see your insurance rates rise like they did from 2000-2002. In those 3 years, the average insurance premiums enlarged almost 24%!
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