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California is as car crazy as ever, with insurance rates increasing to match. Data analyzed by the insurance comparison website Insurify showed the average annual cost of full coverage in ...
Common add-ons include rental car reimbursement, roadside assistance and gap insurance, which covers the difference between what you owe on your car and its actual cash value if it's totaled.
Almost every state requires drivers to carry at least a minimum amount of car insurance, but drivers can obtain more coverage for better protection. The company you choose, the coverage types you ...
For the first time in over five decades California is increasing its minimum auto insurance requirements this year, but the change isn't expected to burn a hole in every driver's wallet. In 2022 ...
If the FAIR Plan does not have the money to pay out all claims, it collects money from insurance companies that operate in California. [4] According to data from 2020, the FAIR Plan covers 2.5% of the statewide market share, but 20.4% of the market share in ZIP codes at high risk from wildfires. [5]
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
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