It is against the law to drive without car insurance. Beverly Hills drivers are required to have an insurance policy for the vehicle and to have enough coverage in the policy to pay medical and other expenses of passengers or others hurt in an accident when the driver of the vehicle is at fault. Liability insurance is required because this covers the other party. Whether or not you have insurance to cover your own losses is entirely up to you. If you want to take a chance on not having a vehicle or of having to pay for your own medical expenses, then you don’t have to bother with comprehensive insurance. However, very few people are willing to risk their financial future for a few dollars a month.
Minimum liability requirements for car insurance Beverly Hills
The laws of California do stipulate the amount of insurance one must have on a policy for car insurance. Beverly Hills car owners must have the following:
1. A minimum of $15,000 if one person is injured or killed
2. A minimum of $30,000 for more than one person
3. A minimum of $5,000 for property damage
That is not a lot of coverage and even though it is what the law requires, it really isn’t sufficient. Recent lawsuits for accidents have resulted in the courts awarding as much as $1 million in damages to the injured party.
How you can save on car insurance Beverly Hills
There are ways to reduce the cost of your insurance premium so that it doesn’t consume a major portion of your monthly budget. If you have a good driving record, then the insurance provider will give you a discount. A discount is also available in car insurance to those who take a safe driving course. Paying attention to the rules of the road is essential and you should realize that accidents can happen anywhere – not just on the busy highways.
Other factors that affect car insurance Beverly Hills
The type of car you drive can mean the difference in high or low premiums for car insurance. Beverly Hills drivers should be aware of the fact that sports cars registered for high speeds will cost more for insurance than a regular car. The color of the car can even have an impact as some colors of cars are more susceptible to car thieves than others.
If you drive to work, then you can expect to pay more for your car insurance. Beverly Hills vehicles that are expensive to repair and replace also have a high rate for insurance purposes. You can save money by making sure that you have anti-theft devices installed on the car and that you take precautions to park the vehicle in a well-lit area at night. If you are over the age of 55 you can qualify for discounted rates and if you are a member of a club, this could earn you a discount as well. You can easily shop around for car insurance. Beverly Hills has many different insurance providers.