Auto Insurance in USA
Auto insurance (also known as car insurance or vehicle insurance) is designed to cover financial liability or loss of a motor vehicle. Physical damage. Most states require a minimum amount of liability insurance for a motor vehicle owner.
States that do not require a vehicle owner to carry car insurance include Virginia, which may have an uninsured motor vehicle fee for the state, New Hampshire, and Mississippi, which give vehicle owners the option to post bonds (see below). Privileges and Immunities Article IV of the US Constitution protects the rights of citizens in each state.
A car vehicle owner usually pay insurers a monthly fees, often called an auto vehicle insurance premium. The insurance premium a motor vehicle owner pays is usually determined by a variety of factors, including the type of vehicle covered, marital status, credit score, whether the driver rents or owns a home, the age and gender of the covered driver, and their driving history. , and the location where the vehicle is primarily operated and stored. Most insurance companies increase insurance premium rates based on these factors and, less often, offer discounts.
Insurance companies provide the motor vehicle owner with an insurance card for a specified period of coverage, which must be kept in the vehicle as proof of coverage in the event of a traffic collision. Recently, states have begun passing laws allowing authorities to accept electronic versions of proof of insurance