Car insurance is required by law. It’s a law that has been in place for many years across the United States. But did you know that car insurance is actually regulated at the state level?
Each state across the US passes laws on the level of car insurance that is needed for their citizens. Many things go into figuring out how much car insurance is needed for each person.
So Do Most People Pay The State Minimum?
This really varies per state. Many of the most popular insurance companies do not provide state minimum coverage. They offer a higher rate of coverage for an increase in price. If you need more coverage then the state minimum it makes sense to get higher coverage. If you do get a higher rate of coverage it will cover a large amount of your accident. This way you will have to pay less out of pocket if something were to happen.
But state minimum coverage also has it advantages and the major advantage is that it is cheap! When they say ‘state minimum’ it is actually the lowest amount you are legally allowed to pay by law in that specific state. As mentioned above each state in the United States has a different state minimum. And you can actually check out what the state minimum for your state by getting a quote on our website. We’ll help you get quotes from multiple companies and you only have to fill out our lead form once!
How Do You Decide If You Should Only Pay The State Minimum?
This decision should be made by figuring out how much coverage you need and how much coverage you can afford. If you are having trouble paying your bills you should probably get the minimum. If you are a great driver and do not have a long commute or drive frequently then it may also be a good option.
But if you drive a nice or expensive car and have a long commute you may want a more expensive car insurance that offers better coverage. The important thing to remember is that you must have car insurance. State minimums are often low and it’s illegal to drive without car insurance.
