In California, it is required that every driver has the statutory minimum liability insurance. There are several required features you must have on your insurance policy. In order to make sure you are following the state requirements, California insurance companies will make sure you are following the law when you purchase your insurance policy.
In order to make sure you are following the laws, you can find the state minimum requirements below.
Bodily Injury Minimum Requirements for California Automobile Insurance:
- $15,000 injury or death coverage for any person in an accident
- $30,000 for all people in an accident
- Property Minimum Requirements for California Auto Insurance:
- $5,000 for any accident
In order to comply with these requirements, you must purchase an automobile limited liability insurance policy, put a cash deposit down with the DMV, have a certificate of insurance by the DMV for fleet insurace of 25 vehicles or more, or you must have a surety bond for at least $35,000 from an insurance company.
Many new vehicle owners are required to have full coverage by their financial institution until the loan is paid off; it is important to check with your financial institution to ensure that you are purchasing the right amount of insurance for your vehicle. In order to find the best insurance policy, you can search for California automobile insurance online and find several companies that offer great rates on the state minimum required insurance. You can also find many discounts for being married, being over the age of 25, a good credit rating, and a safe vehicle.
Just like anything else you may buy, as a smart consumer you should look for the best deal you can find on insurance. All California insurance companies are not created equal. Some of them charge lower premiums than others and some of them offer better service than others. Whether you are buying California auto insurance or California homeowner insurance, it pays to take some time and compare the different insurance companies in your area.
If cost is a factor in your decision to purchase insurance, you should certainly shop around to find the California insurance company that will best suit your budget constraints. Different insurance companies assess risk somewhat differently from other companies and may charge higher or lower premiums. Some California auto insurance companies may charge much higher premiums for young drivers while other auto insurance companies might actually forgive a first accident and not raise your rates.
Your California insurance provider should also be able to provide you with fair and quick service in the event that you need to file a claim. Having an excellent, helpful customer service department when you have a question or problem is an important component for any type of insurance coverage.
Which insurance provider you select also matters because of the different ways they may treat their customers. Some companies are not very customer friendly and do not offer any kind of incentive to their best clients. Other insurance companies reward loyal customers with discounts or other incentives for the years that you have been with them.
A reduction in the amount of your deductible or a small discount may not be the biggest factor in selecting a California insurance company, it can be an important part of any insurance purchase decision.