Pin It

Interesting Facts about Contemporary Automobile Insurance in Monterey

According to a recent report, there are almost 265 million registered vehicles in the United States and our nation’s automotive insurance sector is worth upwards of $255 billion.

In this regard, the automobile insurance niche is very complex, convoluted, and difficult to navigate, which is why we’ve created this brief editorial to underscore some of the most important facts and figures that you might not have been aware of.

The Information That You Need to Know

In order to truly comprehend the importance of having affordable automobile insurance in Monterey, we have to zoom out and look at the United States insurance industry as a whole:

* The color of your car does not affect your premium but it’s worth noting that today’s providers take into account your job, age, driving record, and several other aspects when determining your monthly rate.

* 48 out of the 50 states legally require every driver to have automobile insurance and the only two outliers are New Hampshire and Alaska.

* However, almost 15% of licensed drivers in the US do not have any form of coverage in place and this harrowing trend is expected to surpass 20% by the year 2025.

* If you get pulled over while uninsured or, even worse, get into a roadway accident, you can be subjected to a large fine, suspended license, or even jail time.

As such, it’s in your best interests to ensure that you have a personalized, cost-effective policy in place at all times, especially if you’d like to avoid costly car repairs and expensive legal troubles down the road.

How to Find the Best Coverage Option

Irrespective of whether you wish to cover a motorcycle, car, truck, van, or any other type of vehicle, the easiest way to obtain the most economical automobile insurance is to connect with a knowledgeable policy specialist who can assist with the entire process.

With this notion in mind, feel free to visit Coastautoinsurance.com to learn more about a reputable, time-tested organization that has been providing tailor-made coverage options for more than 30 years.

About The Author