Types of car insurance in America
Types of car insurance in America – there are many types of car insurance in the United States, but there are three main types:
Types of car insurance in America
Liability: This is the most common type of auto insurance and is mandatory in all states except Maine.
Liability insurance pays compensation to third parties in an accident if you are responsible for the accident.
Collision: This type of insurance pays for damage to your car in an accident if you are responsible for the accident.
Comprehensive: This type of insurance pays for damage to your car in an accident if you were not responsible for the accident, such as damage caused by natural disasters or theft.
Types of car insurance
In addition to these three types, there are also other types of auto insurance that you may want to consider, such as:
Driving without insurance: This type of insurance pays out if you get into an accident and don’t have auto insurance.
Legal Defense: This type of insurance pays attorneys’ fees if you are sued for a car accident.
Personal Injury Insurance: This type of insurance pays for you and the passengers in your car for any bodily injuries you may sustain in a car accident.
How much car insurance in America you need depends on your car and your financial circumstances? If you have an expensive car, you may want to consider taking out comprehensive insurance. If you live in an area with high crime rates, you may also want to consider taking out theft insurance.
Car insurance rates in America
You can compare auto insurance rates from different insurance companies using a website such as Nerd Wallet or Insurance Quotes. Here are some tips for getting the best deal on car insurance:
Get offers from several insurance companies.
Tell the insurance company everything that might affect your rate, such as your age, location and driving.
Ask about discounts, such as the good driving discount and the early insurance discount.
Pay your insurance premium up front to get a discount.
Car insurance in America is an important investment that can help you protect yourself from financial losses in the event of an accident. By doing some research and getting offers from several companies, you can find the best deal on auto insurance that meets your needs.
The amount of compulsory car insurance
There is no specific value for car insurance in America, but it varies for several factors, such as the type of car and its engine capacity, as well as the model or year of production.
This value changes every year as a result of the instability of the Dollar, as the value can be increased at any time depending on the value of the US currency. The amount includes the following:
The value of compulsory insurance for a car with an engine capacity of 1,030 cc equals $ 225 annually.
As for the compulsory insurance rates in the case of a car with an engine capacity higher than 1030 and up to 1,330 cc, its value is $350 annually.
As for the insurance value in the case of a car with an engine capacity higher than 1,330 and up to 1630 cc, the value is $750 annually.
Compulsory insurance fees if the car’s engine capacity is greater than 1630 cc and a maximum of 2030 cc equals from 800 to 3000 dollars for each year.
The value decreases every year since the year of car production by up to 10%.