Legal Requirements
- Bodily Injury Liability (BIL): $15,000/$30,000 Limit
- Property Damage Liability: $5,000 Limit
*For automobile assigned risk plan drivers, the requirements are $10,000/$20,000/$3,000 Limits
The state of California follows a Tort system implying a person must be found to be culpable for causing the accident, and that man or woman and their insurance firm is answerable for paying damages. You should be conscious that the contingents of a tort system vary from state to state.
You can get Uninsured/Underinsured Motorist Bodily Injury coverage added to your california auto insurance in order to compensate bodily injury caused by an underinsured motorist (depending on the state). In CA, you’re not required by law to have this coverage, but it could become valuable if you are in an accident with an underinsured motorist
The average auto insurance premium for residents in CA was $950 in 2003; The national average was $914. Some people think the state and insurance companies fix the rates, so they never compare current quotes for better rates.
Insurance companies segment their rates differently so everyone’s rate will be different with each company. To see if you can save money, you need to compare current quotes. Many sites help you find the competitive rates and less epensive prices available in California, so average Californians can get a very affordable rate on their auto insurance.
The most recent decrease in rates occurred in 2007. 2007 had a .5% to 1% decrease in auto insurance rates from 2006. In 2009, average costs are expected to slowly increase once again! Auto insurance comparison sites recognize that the only way to save is to contact an insurance agency. These types of sites use technology to let you find the best insurance rates
In a large state like California, changing demographics cause rates to change over the years. If you don’t keep an eye on your rates and don’t compare current auto insurance quotes, you could see your insurance premiums get more expensive like they did from 2000-2002. In those 3 years, the average insurance costs enlarged almost 24%!
