California is deadly serious about all of its drivers having at least a basic liability policy. In order to make certain that every single driver has the resources to buy auto coverage, California offers two super cheap policies, the cheapest policies that it is legal to buy anywhere in the state.
The first policy is known as the California Low Cost Automobile Insurance Program, or CLCA. Under this state-sponsored program any driver with a good driving record who is at least 19 years old and who meets certain income requirements can purchase a super-cheap liability insurance. For additional information call toll free: 1-866 – 602-8861.
But even if you do not meet the requirements for the CLCA program, California still makes an extremely affordable basic liability policy available for all of its drivers. The policy is known as a 15/30/5 policy.
This policy pays a maximum of $15,000 toward the medical expenses of any one individual who is in an accident with your vehicle if you are determined to be at fault in the accident. It also pays a maximum of $30,000 to cover the medical expenses of everyone involved in the same accident and it pays a maximum of $5,000 for any property damage your vehicle has caused.
There are two reasons this coverage is considered high risk. For one thing a liability policy alone pays nothing for the repair of your vehicle after an accident and it pays ZERO for your medical bills or for the medical bills of anyone in your vehicle at the time of an accident.
More importantly, perhaps, a basic liability policy doesn’t provide for much coverage. Even a moderate accident could result in medical and property damage costs far in excess of the maximum payouts of your policy. If that should be the case YOU could be held personally liable for paying any difference, even if it means you have to sell your home to do so.
Still, if money is an issue a basic liability policy is the cheapest form of car insurance you can buy and still drive 100% legally in California, and if you want to get your liability policy at the cheapest rate possible then you’ll want to look online.
In fact, buying your policy online is the cheapest way to buy your auto coverage BY FAR. Online sellers have almost no overhead plus they have a lot of competition, two facts which add up to incredible savings for you! Buying your policy online is equivalent to buying it at wholesale prices.
By: Alexis Jensen
Posts Tagged ‘Liability Policy’
Affordable High Risk Car Insurance in California
January 11th, 2010Cheap Car Insurance in Arizona
November 29th, 2009
If you are looking for the cheapest possible car insurance in Arizona there are only two things you have to know.
First you need to know about Arizona’s low-cost basic liability policy. This policy is the cheapest insurance you can possibly buy in Arizona and still drive 100% legally.
Each state sets its own minimum limits when it comes to its approved basic liability policy. In Arizona the lowest pay-out limits you can buy are 15/30/10. What this means is that if you are at fault in an accident your liability insurance will pay a maximum of $15,000 in medical claims to any one individual who is injured and your insurance will pay a maximum of $30,000 if two or more people are injured, regardless of the total number of people injured or the extent of their injuries. Your liability insurance will also pay a maximum of $10,000 for any property damage you cause. This includes the cost of repairing the other person’s car.
One of the things you need to be aware of if you are going to purchase a minimum liability policy is that the maximum amounts that the insurance pays may not be enough to cover all of the medical or property damage bills in even a moderate-sized accident. If your basic liability policy doesn’t cover the full costs of the accident YOU could be forced to pay the difference. This means it’s possible for you to have insurance yet still lose your savings account or even be forced into selling your home.
The other thing you need to be aware of is that a basic liability policy doesn’t cover YOU at all. In other words it won’t pay a penny for the repair of your vehicle and it won’t pay a penny for your medical bills or for the medical bills of any passengers in your vehicle.
The second thing you have to know if you’re serious about finding the cheapest car insurance in Arizona is that the best place to find your insurance – whether it’s a basic liability policy, a full-coverage policy or something in between – is online.
Online insurance sellers have very few expenses and virtually no overhead so they are able to offer their insurance at far less cost than their brick and mortar cousins.
One trick to finding the very best price online is to make price comparisons on several different websites that are designed to compare the prices from different insurance companies. Don’t rely on just one site since each site only compares a small handful of insurance companies.
Once you’ve looked at prices on at least 3 different price comparison websites then simply choose the lowest price you’ve found and you’re done!
By: Alexis Jensen