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All About US Car Insurance Laws

In a company or an organization setting, vehicles may be used for different purposes. Commonly, they are used for transport of goods that are the organization’s core business. However, in larger corporations, most of the senior staff members are given vehicles by the company for their transportation needs. In other settings, an individual working out of the home office may decide if it is cheaper and more convenient to purchase a car that will double as the family car too. In all these cases, it is vital that the owner of the vehicle protect his or her own interest or the company’s interests by purchasing reliable auto insurance from a good carrier.

car insurance

Having insurance is a choice but having financial responsibility is not. This is because there are other ways that you can show proof that you can pay for expenses arising in the event of a car crash that you caused. You can self insure if you have a large fleet of vehicles, you can deposit an amount of cash or cashier’s check with the county comptroller or judge that is stipulated in the state to state individual insurance laws or you could just find reliable and cheap auto insurance from a leading auto insurer in your region.

There are many types of car insurance available but for businesses, the law requires that business car insurance be present. The minimum liability insurance varies from state to state and is aimed at safeguarding the other party involved in the accident if you are found to be at fault. He or she will not be burdened with the expenses and damages that came about as a result of someone else’s fault. In businesses, if you are involved in an accident while using the company car, then the insurance company of the organization will settle the claim. However, if you are driving under the influence, driving while intoxicated or be negligent in you driving, you may have to pay for the cost out of your own pocket.

On the plus side, a business car insurance policy will cover that company owned vehicles while covering the vehicles not owned by the company but are in its possession or use by way of a lease. The policy will cover these cars and the occupants at the time of an accident as if the company is the legal owner of the car or cars. The US auto insurance law does not favor any vehicle owner or their cars but treats car meant for individual use same as cars meant for any other use – they all must have insurance or show financial responsibility.

Car insurance laws in the US are mostly the same in most of the states but the main difference is the minimum liability insurance that each state expects of each motorist. To get an insight into the laws affecting you in your individual state and to get cheap insurance quotes for free, please enter your zip above and get educated.