All you need to know about auto insurance in the US - ForumDaily
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Everything you need to know about auto insurance in the US

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What car insurance to take and what determines its value? Photo: depositphotos.com

Having a car in the US is not a luxury, but a necessity, especially in small cities, where public transport is much worse developed than in big cities. ForumDaily previously told how to buy a car in the states. However, at the same time as the car, it is necessary to purchase an auto insurance policy. What kind of car insurance to take, and what determines its cost? ForumDaily prepared answers.

Price issue

Марат Каменев уже 2 года вместе с женой живёт в Калифорнии. В семье 2 машины — Toyota RAV4 2014 года выпуска и Toyota Corolla 1999 года.

При оформлении страховки очень важен стаж вождения и возраст водителя. В тот момент, когда Марат с женой покупали страховой полис, им было 33 и 34 года соответственно. У Марата стаж вождения был 10 лет, у жены — 6. Живут ребята в спокойном и безопасном районе, что не увеличивает стоимость страховки.

Both vehicles are insured by Farmers. The couple pays for insurance $ 141 per month ($ 846 for six months). Limits on car insurance can be seen in the table below:

An example of California insurance policy limits

An example of California insurance policy limits

Last year, when returning from a holiday on Lake Tahoe, a stone was hit in the windshield of Marat's car, as a result of which the windshield had to be replaced. Marat appealed to the insurance company, reporting the incident. The glass was replaced within a couple of days, from his own pocket Marat paid $ 100, as his insurance was with a deductible. The incident did not affect the further cost of insurance.

In general, the following factors affect the cost of auto insurance:

— пол и возраст автовладельца;

— его семейное положение;

— стаж вождения в США (в мире);

— район, в котором ваше транспортное средство будет оставаться на ночь;

— лимиты страхования;

— франшиза (deductible). Она уменьшает стоимость страховки автомобиля, если вы принимаете решение, что в случае какой-то аварийной ситуации частично будете возмещать ущерб сами. Например, если вы решили, что размер вашей франшизы (deductible) $500, то в случае аварии, которая причинит вам ущерб на $3000, возместят вам только $2500, остальные $500 должны заплатить вы сами. А в случае, если вы поцарапали при парковке бампер и ремонт в итоге обошелся в $300, обращаться в страховую компанию не нужно. То есть франшиза по сути своей уменьшает общую стоимость страхового полиса, и чем она больше, тем меньше стоимость страховки.

Рубен Алишаев живёт в США 14 лет. Сейчас — в штате Нью-Йорк в безопасном «русском» районе Квинс Рего-парк. У Рубена — Infiniti QX60 2016 года, взятый в лизинг. В страховку на машину вписано 2 водителей — сам Рубен и его папа Джозеф. Возраст водителей 31 и 65 соответственно, стаж вождения 13 и 12 лет. Основным водителем является Рубен, вторым — его отец, хотя по факту это машина отца.

But for an insurance company, Ruben looks like a more reliable driver, because he has the best credit history and, unlike dad, there are no penalty points for driving. Insurance of this vehicle costs Ruben about $ 2000 per year. The car is insured in the company Geico.

In general, in New York, insurance is more expensive than, for example, in California. But at the same time, a driver who lives in a village in upstate New York will pay less than a resident of Los Angeles or San Francisco.

For example, 36-year-old Alisa Savelyeva from the city of Galloway in New Jersey, together with her spouse own Mercedes Benz C230 2006 of the year and Toyota 4Runner 2016 of the year.

Each car has insurance, at the time of registration of which the drivers had driving experience 12 and 6 years, respectively. For both cars insured by Geiko, the couple pays $ 981 for six months.

In addition, even the results of the insurance company's own financial activities may affect the cost of insurance. So, if she had significant losses in the previous year, then she had to just, for no other reason, raise the prices of insurance in order to stay afloat.

In New York, insurance is more expensive than, for example, in California. Photo: depositphotos.com

In New York, insurance is more expensive than, for example, in California. Photo: depositphotos.com

The difference in approaches

The issue of auto insurance in the United States is complicated by the fact that the country does not have a federal system regulating this industry. Each state is independently engaged in the formation of requirements for car insurance.

However, in this regard, all states can be divided into 2 categories:

  1. Независимо от того, кто виноват, причинённый вам ущерб покрывает ваша страховка (no fault). Такой тип страхования распространён в 12 штатах — во Флориде, Нью-Йорке, Мичигане и других.
  2. Responsibility falls on the cause of the accident (in English this is called at fault). So work in 38 states, including, in California and Washington.

You can buy car insurance in person or online at an insurance company, from an insurance agent or broker (the latter must have a license). Insurance is valid for 6 or 12 months. It can be paid monthly, but it can be a single amount, for which they often give a discount. With annual insurance the price is guaranteed not to rise, with 6-month policies can raise the price every six months.

Often, insurance companies offer very favorable conditions for new customers. However, in good insurance companies there are also discounts that are offered to regular customers with long-term cooperation.

What you need for car insurance

When applying for insurance, you will be asked to provide the following documents and data:

  1. Американское водительское удостоверение (в случае его отсутствия — те права, которые есть). Если у вас отсутствуют местные водительские права, это не значит, что вас не смогут застраховать. Скорее всего, страховка будет чуть дороже, чем если бы вы были с местными правами. Главное — не забудьте сообщить об их получении вашему страховому брокеру;
  2. VIN (vehicle identification number);
  3. Make, model and year of release;
  4. The zip code of the place where your vehicle will stay overnight. Each insurance company has its own safe area rating. Accordingly, the more incidents happen where you live, the more expensive your insurance will cost you.

There is also one more item that must be indicated for insurance - the estimated number of miles you plan to drive per year. These data are provided in the form of letters in free form. Some insurance companies ask each year to submit papers reflecting the real state of things. And if suddenly it turns out that you greatly underestimate the data, then you may be required to compensate for the last 3 of the year. In general, it should be borne in mind that any fraud with automobile insurance is a federal crime and is punished accordingly.

What does insurance consist of?

A car insurance policy is a set of different types of coverage. There are many in the auto insurance industry. Let's consider some of them.

Liability Coverage - Mandatory civil liability. The most important coverage, especially for such states, where all responsibility falls on the perpetrator of the accident.

It should be borne in mind that if in the event of an accident with serious car damage the insurance of the person responsible for the accident does not cover all expenses, the remaining amount will be demanded from the court. And on account of its coverage will go all bank accounts of the family, the property owned, shares, if any, as well as the amount of 25% of the money earned by all family members in the next 10 years.

That is why, when insuring a car, you should imagine the worst and insure yourself enough to be sure that tomorrow they will not take everything away from you.

Insurance broker and lawyer Diana Mozatyat tells an incredible story about what surprises drivers can expect on the road.

“Семейная пара поехала в путешествие в штат Огайо. Ехали в “доме на колёсах”. В один из дней у них прокололось колесо, однако они заметили это только тогда, когда уже пошли искры от соприкосновения обода колеса и асфальта, — рассказывает она. — В итоге, от искры загорелось поле, расположенное рядом с трассой. Ущерб был оценён в $3 млн. $300 тысяч покрыла их страховка, а остальное они должны были заплатить из своего кармана”.

Medical Coverage / Personal Injury Protection (medical coverage) - it is mandatory in some states, such as New York and Florida, and completely optional, for example, in California.

But those who live in states where this coverage is not necessary should think about including it in the insurance, because these funds are issued instantly, regardless of who is to blame for the incident. Moreover, a good insurance broker will certainly advise you to arrange such coverage, because with its help you will be protected in case of injury. While the trial is underway, who is right, who is wrong, you need to get medical assistance - and you can take money from this coverage from this.

И вот ещё 2 вида покрытия, которые стоит включить в ваш страховой полис — они обеспечат защиту в случае, если вы столкнулись на дороге с человеком, у которого нет страховки или у которого она недостаточна.

Uninsured Motorist Bodily Injury / Underinsured Motorist Bodily Injury - this covering is responsible for the injuries and moral damage caused, and Uninsured Motorist Property Damage covers damage from vehicle damage.

Так как на стоимость полиса влияет много факторов, самое правильное решение в вопросе оформления страховки — найти профессионального брокера, который поможет подобрать именно такой полис, который нужен.

To minimize risks, you should contact only licensed insurance agents or large insurance companies. Don't be fooled by low car insurance prices, as they often mean immediate gains and a possible big loss if something bad happens on the road.

See also:

How to get rights in the US

How to buy a car in the USA

How to get a credit card and build a good credit history

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