Being a resident of California if you own a car, then according to the California auto insurance laws you’re required to carry a suitable auto insurance policy. When you’ll shop for a suitable policy you must search online to look for affordable auto insurance quotes. If your driving records are not that impressive, then you must purchase a high risk auto insurance policy. According to your state laws, your policy must consist of the state specified minimum coverage for injuries as well as property damage. While you’ll drive your car, you must carry the proof of insurance and have a proper vehicle registration. Try to get acquainted with the auto insurance laws that will help you protect your rights.
Does your policy consist of minimum liability coverage required by your state?
The Compulsory Financial Responsibility Law of California requires every owner of a motor vehicle must be financially responsible for their actions. The minimum liability insurance you’re required to purchase are 15/30/5. That means, if you meet with an accident for which you were found to be legally liable, you’re required to pay $15,000 for injury of one person or $30,000 for all persons in an accident and $5,000 for any property damage. According to the insurance laws of this state, you must carry the statutory limits of minimum liability coverage else you may be charged sever penalties.
Are you carrying the proof of insurance?
As per the laws of your state, you must carry a proper proof of insurance while you’re driving. It’s because, any time a traffic police can ask you to show the poof of your auto insurance. However, your state laws also allow you to get your vehicle self insured. In order to do so, you must carry a letter authorized by the California departments of motor vehicles (DMV).
Are you ready to shoulder financial responsibility?
Other than purchasing the minimum liability insurance coverage, you’re also required to provide financial responsibility if you meet with an accident. This law has been implemented to remove all the uninsured vehicles from the roads of the state. You have to obtain a surety bond or a certificate of self insurance from DMV for $35000 so as to meet the legal requirements under this law.
Thus, while you’ll purchase the liability coverage, you must try to invest more amount. It’s because, if you meet with a major accident, then the benefits that you’ll receive after a claim may not be sufficient to cover your entire damages.
