A general knowledge of the auto insurance system will help you understand American auto insurance. You must own property to help you pay damages in the event of an accident. You cannot legally drive or buy a car in the United States without car insurance. All insurance companies perform credit checks that require your SSN (Social Security Number). A clean criminal record translated into English by the police and an international driving licence offer you the best prices. When you pay your premiums immediately or buy another insurance policy from the same company, you will get better offers. You should take out insurance beyond that required by your state of residence, but also take out separate insurance to cover your expenses in the event of a serious accident.
As an insurance plan for a period of 6 months to a year, car insurance protects you against loss in the event of an accident or car theft. You receive new insurance cards when you purchase and renew your car insurance. Keep one in your car and give one to the “DMV” (equivalent of the prefecture in the United States). To protect yourself against possible damage after an accident or theft, when you purchase insurance from your company and in accordance with the terms of your contract, you benefit from property insurance and medical coverage for your injuries, your recovery and, sometimes, your companion’s loss of income and financial responsibility. You need to research the different companies and compare their prices and coverage to get the best rate for your needs.
The U.S. auto insurance policy has 6 different types of coverage:
Liability for bodily injury that applies to you, the policyholder or the driver at fault.
Protection against personal injury or payment of medical expenses covers bodily injury to the driver and passengers of the car concerned.
Property damage insurance covers damage to your property (car) caused by you or a person authorized to drive the car, such as lighting or electrical poles, fences, etc.
Collision coverage covers damage caused by a road accident or collision with another car or object, and is sold with a deductible of $250 to $1,000 – when the deductible is higher, the monthly premium is reduced.
All risk insurance covers damage to the vehicle in cases other than an accident, such as burglary, theft, fire, explosion, broken or broken windows, etc. and is sold with a deductible of $100 to $300.
The protection of uninsured and under-insured motorists covers events such as a hit-and-run accident, an uninsured offender or when injured as a pedestrian.
When a vehicle is rented, you must purchase collision and all risk insurance. (Long-term) rental companies in some states require gap insurance to cover accidents where the gap is the difference between the amount of compensation the insurance company pays and the amount you owe to the car dealer.
In New York, you will get discounts on car insurance when you:
– Take a safe driving course
– Have automatic seat belts or airbags, factory installed anti-lock braking system (CAM or factory installed daytime running lights)
– Take an accident prevention course through the “Insurance Points and Premium Reduction Program” (IRPRP) (you will receive a 10% discount on your automobile liability and collision insurance premiums and it covers one driver per vehicle). Show your auto insurance company the certification within 90 days of the class to receive your discount.
Having one of the following cars increases your auto insurance premiums: Honda Accord, Honda Civic, Ford Pickup (Full Size), Chevrolet Pickup (Full Size), Toyota Camry, Dodge Pickup (Full Size), Toyota Corolla, Nissan Altima, Dodge Caravan, Chevrolet Impala.