The policy period is usually six or twelve months, and it is renewable. Individual policies are priced to allow you to tailor coverage amounts to your specific needs and budget. The insurance provider promises to pay your damages as stipulated in your policy in exchange for a premium. The state-mandated minimum varies, but many people get additional coverage to be safe. Most states, once again, need a certain amount of auto insurance. Age, gender, years of driving experience, accident and moving violation history, and other characteristics all influence auto insurance costs. Premiums and deductibles are the two main fees connected with getting automobile insurance. Except for New Hampshire, every state requires drivers to have a minimum amount of bodily injury and property damage liability coverage.įailure to obtain the minimal car insurance required by your state’s regulations could result in your license being suspended, penalties, or even jail time if you commit the act again. What’s covered depends on your state’s minimum coverage standards as well as any other coverage options you want to include.
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