Mandatory Auto Insurance Laws

What Are Mandatory Auto Insurance Laws

Since the prospect of mandatory health insurance is such a hot topic, it made me think about similar rules we have in place to require drivers to purchase car insurance.

Every US state has a law which requires us to prove we are financially responsible in order to be a legal driver. For the vast majority of people, this simply means we have to purchase a minimum liability insurance policy. Of course, many of us carry more coverage than this because of our lender’s requirements, business vehicles, or simply because we are careful.

In my state, we can get in big trouble if we do not have an insurance card to present at an accident. But my state, and many others, take it further than this. We also have to present proof of insurance when we renew our driver’s license, get our car inspected, or get new tags. This makes sense, in a way, because it is really to late to change anything after we have already had an accident.

Motor Vehicle Insurance Laws – Answers to Commonly Asked Automobile Insurance Laws

Motor vehicle insurance laws can be extremely different for all of the non-lawyers in the world to understand. The laws have been written, revised, added to, and re-written again. This makes it just about impossible for anyone who does not study them for their profession to have a comprehensive understanding of them. If you find yourself involved in a legal proceeding you should hire a lawyer to represent you.

The auto insurance laws that many people do not understand, but should, are the ones relating to liability coverage. Liability coverage is the most important part of your policy. This is what pays for damages to the other driver’s car and any injuries sustained by them in an auto accident.

The part many people are surprised to learn is that the minimum amount of liability insurance that is mandated by law is not enough coverage in many instances. If you only have $5,000 dollars worth of liability and cause injuries to the other person that result in $28,000 dollars you will be held personally liable for the difference. In this case you will need to come up with $23,000 dollars out of pocket.

Auto Insurance Law – An Overview of Auto Insurance Legal Side

There are laws governing everything, everywhere. And this would include your Auto insurance policy. From state to state the auto insurance laws vary. What exactly is the purpose of the law

The driver’s community’s safety will be ensured. Before car owners can legally drive their vehicles, they are required to buy a minimum amount of bodily injury and property damage liability insurance found within the bounds of the financial responsibility laws of all states. This is to insure that people involved in an automobile accident can furnish proof of financial responsibility up to certain minimum dollar amount. To be in accordance with such laws, most drivers obtain auto liability insurance. Since accidents may end up costing a great deal more than the minimum coverage levels mandated by most states, consumer groups and the insurance industry typically recommend carrying a minimum of $100,000 in bodily injury protection per person along with $300,000 coverage per accident.

Pennsylvania Auto Insurance Laws – 5 Car Insurance Laws in PA That You Need to Know

It is important to understand the various Pennsylvania auto insurance laws. Why Because understanding these laws may just end up keeping you safe and saving you some money! Laws regarding car insurance change greatly depending on the state you live in. Some places have very straight forward or even practically non-existent laws, while others have more complicated and detailed laws. No matter where you live it is essential to know certain laws regarding auto insurance if you own a car. The state of Pennsylvania is no exception. There are, in fact, 5 car insurance laws in PA that you need to know.

Law #1 – PA’s Minimum Requirements For Car Insurance

The state of Pennsylvania mandates that you carry minimum liability limits of $15,000 per person bodily injury, $30,000 per accident total bodily injury and $5,000 per accident property damage. It also requires you to carry $5,000 in medical expenses coverage. These limits are extremely low and not satisfactory protection for most people when involved in a serious accident.

Oregon Auto Insurance Laws

Oregon financial responsibility law dictates
that if you are involved in an accident you will be asked to
present proof of ability to cover the cost of damages caused up to a
minimum amount. For this reason most drivers buy automobile liability
insurance.

What type of automobile liability insurance am I required to have in the
state of Oregon

According to Oregon auto insurance law, you are required to have Bodily Injury
Liability, Property damage liability, Personal Injury Protection and Uninsured Motorist Insurance.