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Most states require drivers by law to possess automobile insurance. Typically, this mandated insurance only extends to liability. Nevertheless, this is a significant expense for the average family. In fact, a recent industry study demonstrated that low-income households spend 30 percent of that income on car insurance alone.
>Recently, states have begun to recognize the inherent problems in this system. One of the solutions in states like California and New Jersey is government sponsored car insurance. In other words, these states view insurance as a need, just like food and medical care, and provide assistance for it to those families who cannot afford it.
Throughout the country, the legal minimum for bodily injury is $10,000. More than 90 percent of all claims, however, are far less than that amount. Since the local governments are trying to break even on these programs, rather than turn a profit like a conventional insurer, they can use this information to limit costs. The average cost of car insurance is $3 per day, but through a government sponsored car insurance program, it is only $1 per day.
Early on, there was some concern that such programs could hurt the insurance industry. That hasn't occurred. One reason is that participation in these programs is still low. However, further research has showed that the insurance industry is not losing much money on these low-income customers. In fact, insurance companies tend not to make much profit on liability-only policies despite the different between $1 and $3 per day. This is because states have some advantages that the insurers cannot have.
There are 45 states mandating insurance, and after early modest success in California and New Jersey, many of them have begun the process of instituting similar programs. Most states, however, do not have them yet. If a driver believes they would qualify, they should call the department of insurance for their state or visit the website.
Even if a state doesn't yet have such a program, it is still worth calling the department of insurance. All states recognize the problem, and many of them do have some temporary resources in place to help families facing the greatest difficulties.
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How do you get government sponsored car insurance?
You can learn about government sponsored car insurance at insureme.us/government-sponsored-auto-insurance-plans-qualify/. It is for low income families and has strict guidelines to qualify.
What is government car insurance?
The government requires you to get car insurance but they are not a car insurance provider. You could get insurance from Progressive, or State Farm, or Geico.
What's government car insurance and its coverage?
Government car insurance is places such as geico, or liberty mutual. They are ran by the government and are safe and reliable places to get car insurance.
Can you get car insurance from the government?
No, there are no government-run insurance companies for auto insurance. Any auto insurance that you get will have to be through a private company.
Does the government offer car insurance policies?
To qualify for car insurance I believe that you need a car. Also would probably need a good driving record.
Where could I find information about goverment auto insurance?
The federal government does not sell car insurance. Only private sector companies provide car insurance to citizens. Firms, such as State Farm, will be able to help you obtain car insurance.
Do i need to buy auto insurance if my son IS IN COLLEGE AND HAS NO CAR?
well do you have a car do you have insurance. your son my not need it. but if you have a car you have to have it, even though its against your contsatutonal rights but are government is horrabily evil
Which car insurance companies are based in California?
There are many different car insurance companies that operate nationwide. Many insurance companies have offices and headquarters in California. The California Insurance government website has information on Low Cost Programs.
Can i have a car and title under my name and be added to my fiance's insurance policy without the car legally becoming his?
yes, the insurance policy is different from the car title (title is government, insurance is business) in most states, if you live together, you are both required to be insured on the car.
Car was involved in hit and run while parked on government property do i still pay for the damage with my insurance?
Yes, unless you can PROVE who it was, or that it was a government car, that hit you.
Shouldn't the government subsidize mandated auto insurance?
The reason for this is because there is much competition in the auto insurance world. They offer low car insurance and it is not against the law to not have health insurance.
How can you be a sponsored car for free on World of Cars Online?
No, sponsored cars are subscription-only.
