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Vehicle insurance in the United States. Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage.
Minimum self-insurance requirements. California. $35,000 cash deposit or surety bond. Connecticut. $50,000 cash or its equivalent for first vehicle, $60,000 for the second vehicle, $65,000 for the ...
For reference, the average annual cost of car insurance for minimum coverage is $644 nationwide and $389 in Ohio. Full coverage averages $2,314 nationwide and $1,529 in Ohio. Full coverage ...
Ohio state law requires drivers to maintain liability insurance in order to drive in the state. Ohio auto insurance requirements are referred to as the 25/50/25 rule. This means that drivers are ...
The Maryland Automobile Insurance Fund (MAIF) was created in 1972 by the Maryland General Assembly as a residual market mechanism with the goal of providing automobile insurance to individuals who may not have qualified for automobile insurance in the private market. [citation needed] In 2006, MAIF was the sixth largest writer of private ...
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
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