Image by Laughing Squid via Flickr

The State of California requires all car owners to have auto insurance for licensing, registration and operating a vehicle. Purchasing auto insurance with adequate coverage at the lowest price can be difficult.

With many preferred insurance carriers, California Auto Insurance searches and gets quotes for each consumer because the types of freight companies can be very difficult to deal with on your own. Insurance rates are based on the experience of past losses and expenses. These can be very different for each insurance company, even within a given town, city or metropolitan area.

To make insurance shopping an easier experience fill out some basic information on a single form to get car insurance quotes from multiple agents instead of one carrier. The right California Auto Insurance agents can help you get the best coverage at the best price. So take some time to shop before you buy. You can save money and get better coverages by finding the right agent.

The required auto insurance coverage in California includes:

• Bodily injury coverage with a minimum of $ 15,000 for an individual and $ 30,000 for all persons in any accident.
• Property damage liability with a minimum of $ 5,000. This pays for damage to property of others.

Shop Around for Auto Insurance.

You may not realize it, but the insurance rates you pay for on your car can vary greatly depend on the company that you choose. You should always compare before deciding on a policy. California also has what’s known as the California Low Cost Auto Insurance Program. This program helps reduce the number of uninsured drivers on the road, providing low-income good drivers with affordable auto insurance options. Qualifications are based on household income, good driving record and the value of the vehicle at the time of purchase.

Here are some examples of what determines the cost of your auto insurance premium:

• Type of vehicle – car insurance is more expensive for newer cars, because it costs more to repair or replace. Car insurance varies from car to car, so before buying or leasing a new vehicle, check to see how much the car insurance will cost.
• Use – The more miles you drive, the more your insurance will cost.
• Deductibles – You can increase your deductible to reduce your auto insurance costs, but make sure it is financially viable and the right decision.
• Driving record – Many companies offer discounts on auto insurance for consumers without accidents and violations. Drive safely and pay less on your auto insurance.
• Multi-Policy Discount – Some insurance companies offer a discount to consumers who purchase both auto insurance and home insurance from them. This also makes it easier for you to have one insurance agent to work with.
• Group Discount- Some companies have discounts available if you are a part of a specific group- for example, the employer, association, occupation, etc. Be sure to ask your California Auto Insurance agent about group discounts.
• Good student – Teenage drivers on your policy can increase your auto insurance rates. If the teen is a good student, most companies offer a discount on your auto insurance.
• Restraint systems and anti-theft devices – Many companies offer a discount on your auto insurance if your car is equipped with safety devices, such as certain anti-lock brakes, air bags, anti-theft and / or vehicle recovery systems.

Fundamentals of Insurance, 2nd Edition

FUNDAMENTALS OF INSURANCE, 2E combines hands-on activities, examples from news-making companies, creative special features, and solid content to give your students a full understanding of insurance. Extensive use of activities help students better understand the importance of insurance and how it affects them today–and through to their retirement days. Insurance careers are integrated throughout the text, as well as being provided as a focus in their own chapter. Research questions require students to make contact with the insurance world where they will get additional career information and bring interest and realism into the classroom. Students learn the importance of risk management, property and auto insurance, health coverage, insurance rates, claims procedures, careers in insurance, annuities and planning for retirement. For valuable information on pricing, previous editions, changes to current editions and alternate formats, please visit www.cengage.com/highered to search by ISBN#, author, title or keyword for materials in your areas of interest.
List Price:
Price: 36.99

The Economics of Property-Casualty Insurance

The Economics of Property-Casualty Insurance presents new research and findings on key aspects of the economics of the property-casualty insurance industry. The volume explores the industrial organization, regulation, financing, and taxation of this business. The first paper, on external financing and insurance cycles, contains a wealth of information on trends and patterns in the industry’s financial structure. The last essay, which compares performance of stock and mutual insurance companies, takes a fresh look at the way a company’s organizational structure affects its responses to different economic situations. Two papers focus on rate regulation in the auto insurance industry, and provide broad overviews of the structure and economics of the insurance industry as a whole. Also addressed are the system of regulating insurance companies in the United States, who insures the insurers, and the effects of tax law changes in the 1980s on the prices of insurance policies.
List Price:
Price: 25.00

How to Pay Less for Life and Auto Insurance

How just a few hours of work can save you hundreds of dollars every year on life and car insurance!

Shopping around for life insurance has always been a good idea, but plummeting prices over the past decade have made it imperative for spending smart. If you haven’t looked at term life insurance rates recently, you’re probably wasting big money. It’s like continuing to pay 1998 prices for a DVD player that today costs just $50….

If you liked this Element, read more from Gregory Karp, including Living Rich by Spending Smart: How to Get More of What You Really Want (ISBN: 9780132350099)

Available in print and digital formats.

List Price:
Price: 1.99

Related Insurance Articles

• 49 Articles on Motorcycle Insurance vs. Auto Insurance (motorcycleinsurance.org)
• Recession Creates Auto Insurance Fraud Increase (autoinsurance.org)
• States Consider ‘Green’ Auto Insurance Initiatives (prnewswire.com)