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(EMAILWIRE.COM, March 31, 2010 ) New York, NY- With the state mandated auto insurance requirements different between every state perhaps the best place to start would be to find out exactly what the minimum requirements for auto insurance coverage are in the state you currently reside in.
The least expensive way to find the needed coverage for any state is searching through a national multiple rate quote website. There you will get the state minimums for Liability Insurance.
Liability vehicle insurance is required in order to protect other drivers in the accident, not the individual responsible for causing an accident.
It is the lowest set standards or requirements in terms of insurance that a driver must have in order to legally drive in any state. But it can be the most affordable insurance available for most owners today.
Liability auto insurance doesn't offer any protection or coverage for any vehicle that is being driven.
In fact, most banks will not loan the necessary capital needed to purchase a new or used car unless with full coverage auto insurance, which is comprehensive coverage and collision coverage. In this case, full coverage is mandatory.
That's because should a driver get in an accident and become found, as at fault, full coverage auto insurance will pay for all the damages to all vehicles as well as the vehicle struck during the accident.
With liability auto insurance the car will not be covered thus a bank will not loan money on an underinsured vehicle.
Still, many consumers only carry liability auto insurance for the simple fact that it allows a cheaper monthly rate or auto insurance premium to be paid. Also many folks only insure their car for what it's worth so in some instances; perhaps only having the liability portion of auto insurance is all that's needed.
The reality is if the vehicle isn't worth a lot and the owner can afford to purchase another vehicle should a current vehicle get totaled in an accident then liability insurance may be the only type of auto insurance coverage you require.
If an owner decides to only insure a vehicle with liability auto insurance to save money, then no matter what the state mandated minimum insurance requirements are it would be beneficial to carry the following amount of auto insurance, $50,000 bodily injury liability for one person, $100,000 for all folks injured in an accident and $25,000 property damage liability. This breaks down into 50/100/25.
Eddy Clubs
Ben Eddy
9712448568
support@eddyclubs.com
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