California Auto Insurance - What You Need to Know about California's Low Cost Insurance Program

Those people moving to California or getting California auto insurance need to know about the State of California's auto insurance programs. One of these is the low cost auto insurance program that the State of California to prevent the increase of uninsured drivers in California as well as provide facilities for drivers who are unable to afford expensive insurance.

What is Eligible for the California Low Cost Insurance Program?

Under California's Low Cost Insurance Program, insurance companies are bound to offer a decrease auto liability policy for less than $350 annually in Los Angeles and $290 annually in San Francisco to drivers with satisfactory driving records and with annual incomes below 250% of the federal poverty level. This works out to an income of approximately $50,000 annually for a family of four people.

What Does the California Low Cost Insurance# Program Entail?

According to California law, drivers must carry a minimum coverage of $15,000 for bodily injury liability, $30,000 of coverage per incident and additionally, $5000 for property damage. To provide for low cost insurance, the government in California has lowered these figures to $10,000, $20,000 and $3000 respectively. To qualify for this program, drivers must not be college students claimed as dependants, they must not have an in-force insurance policy for another vehicle and the cars they drive must not be worth more than $20,000. Additionally, unmarried males within the age group 19-24 have to pay an additional premium as they have been seen to be the highest risk group for auto accidents.

Does the California Low Cost Insurance Program Apply for you?

If you wish to register under the California Low Cost Insurance Program, make sure you fulfill all the criteria. Also, the existence of competitive auto insurance rates means that rates lower than those recommended by the Low Cost Insurance program are available in the market. This means that drivers need to consult with various agencies and take numerous quotes before they settle on to one insurance company and policy.

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Know about California's Low Cost Insurance Program

Those people moving to California or getting auto insurance in California need to know about the State of California's auto insurance programs. One of these is the low cost auto insurance program that the State of California to prevent the increase of uninsured drivers in California as well as provide facilities for drivers who are unable to afford expensive insurance.

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