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Will my auto insurance agent know the minimum level of coverage required by the state?
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Yes.
States that require vehicle owners to purchase a certain amount of liability insurance generally also require the owners to purchase that coverage from an insurance company licensed to sell coverage in that state. If a company is licensed in your state, you can bet that company is aware of your state’s minimum car insurance requirements.
It’s also a pretty safe bet that most of the “big name” insurance companies you see in your community are licensed to sell car insurance in your state, but if there’s any uncertainty – say, the insurance company is fairly new or you’re shopping with an Internet-based provider – you can always check with your state’s insurance department.
For example, several states – such as Delaware, Florida, and Kentucky – require owners to add personal injury protection (often called PIP or no-fault insurance) to their policies. If you live in one of these states, your insurance agent will know whether you’re required to purchase PIP and, if so, how much coverage you need.
Also, if you purchased your vehicle with the help of a lender, your lender (or lienholder) will most likely require you to purchase what’s usually referred to as a “full coverage” insurance policy (one that includes both collision and comprehensive coverage). Again, if your lender requires this, your insurance agent will help you purchase the right amount.
States that require vehicle owners to purchase a certain amount of liability insurance generally also require the owners to purchase that coverage from an insurance company licensed to sell coverage in that state. If a company is licensed in your state, you can bet that company is aware of your state’s minimum car insurance requirements.
It’s also a pretty safe bet that most of the “big name” insurance companies you see in your community are licensed to sell car insurance in your state, but if there’s any uncertainty – say, the insurance company is fairly new or you’re shopping with an Internet-based provider – you can always check with your state’s insurance department.
Additional Kinds of Auto Insurance
Keep in mind that, depending on your state and situation, basic liability coverage might not be all the car insurance you need to purchase.For example, several states – such as Delaware, Florida, and Kentucky – require owners to add personal injury protection (often called PIP or no-fault insurance) to their policies. If you live in one of these states, your insurance agent will know whether you’re required to purchase PIP and, if so, how much coverage you need.
Also, if you purchased your vehicle with the help of a lender, your lender (or lienholder) will most likely require you to purchase what’s usually referred to as a “full coverage” insurance policy (one that includes both collision and comprehensive coverage). Again, if your lender requires this, your insurance agent will help you purchase the right amount.
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