Friends living in the United States should know that there are three things that must not be missing for driving, namely driving license, driving license and insurance card. Like in China, the United States auto insurance is also necessary to purchase. Auto insurance is not only economically guaranteed, but driving without buying car insurance in the United States is also an illegal act. So there are so many auto insurance companies in the United States, which one should I choose? So what about the price of car insurance in the United States? What are the car insurance in the United States? What is the difference between fully and semi-insured auto insurance in the United States? For friends who have these questions, you might as well take a look at the recommended American auto insurance companies and the latest American auto insurance strategies prepared by the editor. Among them, Geico, Progressive, State Farm, Triple A, etc. are among the top few in the US auto insurance companies rankings. For some friends who don’t know how to choose a car insurance company in the United States, you can refer to it!
What are the US car insurance?
The US insurance companies provide a wide range of car insurance projects, but they usually include four major items, namely liability insurance, collision insurance, accident insurance, insurance that guarantees the other party’s no insurance or the insurance amount is too low.
- Liability
This item is required by law to buy by car drivers. When the driver causes damage to the other party's car or physical injury due to his own negligence, the insurance company will pay for the losses caused. But one thing to note is that this insurance does not cover the person who is involved in the accident's own car and physical damage. If the perpetrator causes losses to the other party exceed the insurance amount, the insurance company will not pay the excess. In other words, this is a limited amount of compensation. Usually the liability insurance premium is between $300 and $400 per year. The maximum compensation amount is about $10,000 to $50,000, and the physical damage ranges from $10,000 to $300,000. In big cities such as New York, Washington, Los Angeles, etc., the insurance premium is higher than that in small cities, because the possibility of car accidents in big cities is much higher than that in small cities.
- Collision Insurance (Collison)
This insurance is not a legal requirement. This insurance is actually an extension and supplement to the first liability insurance, which is used to pay for damage to his car and body caused by the driver's own negligence. Many people who own new or valuable cars will buy this insurance in case they damage their car due to their own mistakes and can get the losses back from the insurance company.
- Accidental Insurance (Comprehensive)
This item is not a legal requirement that you must buy. It mainly compensates for losses caused by theft and the natural environment. In many big cities in the United States, cars are stolen or smashed from the market. For people living in big cities and having new or good cars, spending hundreds of dollars a year to buy this insurance can avoid many worries. But people who live in small towns or areas with good security may not necessarily buy it. This insurance also pays for losses caused by accidents. If the car is parked on the side of the road, trees fall on the car and cause damage.
- Insurance without insurance or under insurance (Uninsured/Uninsured Motorist)
The content of this insurance is not responsible for the accident, but the other party who has negligence is physically injured. It is either without insurance or the insurance amount is very low and cannot pay or pay the entire treatment fee, so you must pay for it for him. Obviously, this is a very strange insurance. But many poor people in the United States do not buy car insurance, so some states have enacted laws, and in this case, the party without fault but with insurance will pay for the treatment. As a result, this insurance has become mandatory and very unfair in these states. However, the insurance cost is very low, usually around ten to twenty yuan.
Subdivided further down, there are 9 items. When you purchase insurance, you will be asked whether you want to buy
1. Personal injury liability insurance (BodilyInjury Liability)
When your fault is caused by a car accident, if you buy this option, the insurance will compensate the other party for physical injuries, such as the other party's medical expenses, and some may also have mental injuries. This needs to be decided in court. Personal injury liability insurance (Bodily Injury) Liability), including the other party's medical care, rehabilitation, mental loss, funeral, your lawyer and other expenses, after the incident, the minimum insurance amount stipulated by California law is $15,000 per person, and the minimum insurance amount for the entire accident is $30,000; although the law stipulates that 30,000 is enough, try to buy a large amount.
2. Medical Expenses or Personal Injury Protection
Insurance for the medical expenses of the driver and the passengers in the car. Generally includes medical expenses, funeral expenses, etc. But MedicalPayments does not include work-lost fees and other expenses incurred by physical injuries. The scope of compensation paid by Personal InjuryProtection is relatively large, including other expenses such as loss of work. Because there are likely other passengers in your car, this auto insurance clause is necessary to purchase. If you already have good medical insurance, you can not buy it, but if there are other passengers in the car, it is best to buy it.
3. Property Damage Liability insurance (PropertyDamage Liability)
You are the party at fault and are used to compensate the other party for property damage . Property losses here usually refer to damage caused to other people's cars, including property losses such as the other party's cars, houses, fences, etc., and also include the situation where you drive and hit a telephone pole, fence, building, etc. Most states stipulate that property damage liability insurance must be purchased.
4. Collision Coverage
is also called a deductible, which means that the insured vehicle is damaged by collision with other vehicles, or objects such as telephone poles, fences, houses, etc.
5. Comprehensive accident insurance (Comprehensive Coverage)
protects any unknown object or damage caused to the vehicle by natural disasters . Including stolen, burning, flooding, and smashing trees. If there is a deductible amount, you will usually choose $500 to pay for it. This claim does not necessarily affect the premiums in the coming year. It is like a flood, because the probability is low and it is not caused by driving technology. If you buy your car through rent or loan, this insurance will mandatory purchase.
6. Uninsured or underinsured Motorists Coverage (Uninsured and Underinsured Motorists Coverage)
includes two parts: compensation per person, maximum compensation for a single accident . If the other party is at fault in an accident, but the other party has not insured the car, the insurance amount is rarely enough to compensate you for your medical losses, your insurance company will pay the remaining losses if you have insured the Uninsured motorists coverage.
tips: This insurance is your own. If the driver who caused the accident after the accident is not insured, or the insurance amount is not enough to compensate you for your losses, or the other party escapes, this item will be compensated for you. Usually, this insurance also ensures that you encounter accidents while walking. In some states, this insurance is purchased for compulsory purposes.
7. Road rescue (Emergency Road Service)
Emergency road rescue, including trailer, unlocking, replacement of spare tires, jump start, etc. . It is usually cheaper, with prices ranging from a few dollars to dozens of dollars in half a year.
8. FullSafety Glass insurance (FullSafety Glass)
, a special insurance, can be calculated as a probability, buying insurance is cost-effective, or repairing it yourself.
9. Car Rental compensation (Rental reimbursement)
pays for the rental fee when you are unable to use the car.
American car insurance type
- semi-insurance (Liability)
Semi-insurance (Liability) in the United States car insurance refers to the fact that if you buy a semi-insurance, no matter what car accident you have, no matter who is responsible, the insurance company is only responsible for compensation for the other party’s car, the injury and property losses suffered by the other party’s person. Don't pay yourself and your own car.This insurance method is very cheap in terms of price and will save the policyholder a lot of money, because the insurance company only protects the other party's human injury, the other party's car losses and property losses. This kind of semi-insurance is also the most basic requirement for the law to purchase motor vehicle insurance
- Full Coverage
Full Coverage in the United States means that after you purchase the full Coverage car insurance, as long as you drive yourself or someone who has registered on the car insurance terms, the car insured by the insurance company has any type of accident, no matter which party the accident is responsible for, the insurance company will pay the insurer to pay your own car and your own human injury, and at the same time pay the other party's car, the other party's people and property. The minimum insurance purchase amount for full insurance is $15,000 for the other party's vehicle, and the minimum insurance purchase amount for each car accident is $30,000. Of course, Full Coverage also includes your car being stolen, burned, or some natural disasters and man-made disasters.
tips: Leased or Financed car insurance company or dealer may force the purchase of full insurance and have certain requirements for the choice of insurance compensation amount. Many friends who have just bought a car in the United States and whose driving skills are novice will choose to purchase full insurance. You can choose according to your own situation.
Recommended by American Auto Insurance Company
1.Progressive (Qianjin Insurance Company)
Progressive is one of the largest auto insurance providers in the United States, headquartered in Mayfield Village, Ohio. It was co-founded in 1937 by Jack Green and Joseph Louis. Progressive provides insurance services via telephone, online wz and independent agents. Progressive has a wide variety of insurance products, including car insurance, home insurance, rental insurance, insurance packages, etc. It is the only insurance company in the United States that provides 24/7 real-time assistance to every customer. Progressive offers a free online portal where users can manage all account details through their computer or smartphone.
2.GEICO
GEICO is one of the best car insurance companies in the United States, and is an underwriter of more than 16 million cars policy , providing insurance for more than 24 million cars. GEICO has 9 regional offices, 3 service centers and 3 claims centers, employing more than 36,000 employees. Clients include U.S. government employees and military personnel. Today, clients have expanded to private sector personnel. U.S. Government Employee Insurance Company provides quote comparisons, 24/7 customer support and agency network services. U.S. government employee insurance company Auto insurance is still considered the number one auto insurance company in the United States due to flexible insurance plans, high insurance coverage and low insurance premiums. The driver reward program is appreciated by industry experts and drivers.
3.Liberty Mutual (Liberty Insurance )
Liberty Mutual is one of the top insurance companies in the United States and has a history of more than 100 years. The company has a huge international business and operates in 17 countries. Libao Insurance Group mainly provides property and casualty, health and life insurance services. The auto insurance industry is an important part of it, accounting for 336% of the net premium of .
4.Travelers (Travelers)
Travelers (Travelers) is an American insurance company. It is the second-ranked American commercial property insurance company and the third-ranked independent agency American personal insurance company. Headquartered in New York City, USA, the company operates globally, covering the UK, Singapore and Canada. Travelers offer a large number of discounted insurance services, including home insurance, auto insurance, life insurance, and more.
5.AAA Auto Insurance ( United Service Auto Association )
Triple A There is also a car insurance, but unlike several other companies, all of these companies operate in an agent form. However, it seems that his family must hold an American driver's license for more than 3 years to be eligible for quote insurance. Online review said that this store is very competitive for young people and those with 3 years of driving experience can go to quote, which should be good.
6.Nationwide Mutual Insurance Company 7
Nationwide Mutual Insurance Company is a Fortune 100 company that paid more than $18 billion in claims and other benefits to members in 2017. The company operates in multiple vertical industries in 50 states across the United States, including financial services, business and personal lines. Since 2000, the U.S. National Mutual Insurance Corporation has contributed more than $430 million to nonprofit organizations.
7.State Farm (State Farm Insurance Company)
State Farm is an American insurance company and financial services provider headquartered in Bloomington, Illinois. It ranks 3rd in the US insurance website. State Farm is also one of the top ten insurance websites in the United States due to its low premium and high coverage plans. State Farm is known for comparison of insurance policy quotes provided by the website, where users can compare car insurance quotes.
8.American Family Insurance
The initial goal of the American Family Insurance Group is to provide insurance for farmers. In the 1930s, companies expanded and began to focus on providing insurance to non-farmers. Today, the American Home Insurance Group is one of the largest insurance companies in the United States. In recent years, the company has paid more than $3 billion in household, car and umbrella insurance claims.
9.Allstate (Goodst)
Goodstance (Allstate) was founded in 1931. It is the second largest listed property and accident insurance company in the United States, with more than 79,000 employees. Similar to state farm insurance companies, AllStar has a list of local agents that provide customers with a variety of insurance needs. In January 020, the 2022 world's top 500 most valuable brands were released. Allstate ranked 205th.
. Information required for purchasing auto insurance
. Before purchasing car insurance, all materials need to be prepared in advance to avoid incomplete materials when purchasing. The materials required for purchasing American auto insurance are as follows:
. Registration Card or TITLE.
. Driver's license, or permit.
Factors affecting the price of auto insurance
When purchasing auto insurance, many people will reduce insurance costs by reducing the insurance amount or increasing the out-of-pocket amount, but in fact, the premium level will be affected by many other objective factors. Insurance companies will estimate the insured's accidental risks based on various objective factors. Understanding these rules can make you more clear about how to reduce premiums.
- Age and gender
Generally speaking, under the same conditions, the younger you are, the more expensive the premium, the lower the premium for female drivers is than that of men, especially when they are under 20 years old, the premium for boys may be $600/year higher than that of girls, but as they age, the difference between the two will gradually decrease.
- Marriage status
Gender cannot be changed, age can only wait. However, statistics believe that married people have less risk of accidents than single drivers (including divorced and widowed) drivers, and the premium after marriage is usually 5% to 15% lower than when they are single.
- Homewhere you live
Insurance companies will judge whether you are in a high-risk area for car accidents from the address you provide. The premium will definitely be more expensive in downtowns with dense population and large traffic than in suburban areas with sparsely populated areas. In addition, the unemployment rate, crime rate, and the proportion of uninsured drivers of local people will also have an impact on premiums, because cars in high-risk areas will have a greater chance of being stolen and smashed.
- model
The insurance costs will also be slightly different if the same person drives a different car. For example, if the safety level of the car is relatively high, the chance of a passenger being seriously injured in an accident will be lower, and the premium will naturally be cheaper. So many times the premium of a big car will be cheaper than that of a small car, and the premium of a big engine sports car is more expensive than that of an ordinary car.
- Driving history
No matter age, drivers with inexperienced driving are always at a higher risk, and the premiums are naturally more expensive. In addition, past driving records, whether there are speeding, DUI drunk driving , etc., or whether there have been accidents or applied for insurance claims in recent times, will affect the premium.
- Daily usage
Insurance companies will also estimate premiums based on the daily usage of the car owner. Usually, if the daily driving distance is short, the chance of encountering accidents will be relatively less, and the premiums will be given a certain discount. In addition, if the car is usually parked in a safer place (such as your own garage vs. street), the premium will be cheaper.
- Past insurance status
According to statistics, people who purchase car insurance continuously have less chance of accidents in driving. If you have been buying insurance and have not disconnected at all, the premium will be lower than those who have not been insured recently.
- occupations
Some insurance companies will also link driver's occupations to accident risks. For example, occupations like truck drivers or journalists that often drive outside are more likely to drive outside, compared with those of pilots and flight attendants with fewer driving opportunities, the chance of encountering accidents will naturally be higher; or police, medical staff, and insurance industry personnel may get lower prices, because people who engage in this type of occupation will be considered to act more cautiously.
- Credit score
Many insurance companies also consider the insured's credit score when calculating premiums. Some research data believes that people with low credit scores have higher chances of File Claim (apply for claims), and it is more likely to falsely report high amounts or even fraudulent insurance.
If Chinese or international students in the United States are planning to buy a car, they must prepare a car purchase guide in advance before picking up the car! Friends who need it can refer to the following US car buying guide! There are new and used cars! North American Fun Auto focuses on car travel solutions for international students.
How to deal with traffic accidents and claims?
In the United States, if your car is unfortunately collided by someone else, just follow the following steps:
. Please first confirm whether your car is parked in a safe place to avoid another accident.
, exchange driver's license and insurance information with the other party in the accident. Please do not pursue the ownership of the responsibility first. Unless it is a minor accident that both parties want to settle privately, please do not apologize or make compensation claims to the other party, so as not to face huge claims in the future.
(1) Note the other party’s name, driver’s license number, driver’s license address, telephone
(2) Note the other party’s insurance company name, insurance agent (Agent) name, telephone number, Policy Nmuber
(3) Note the car’s Model, make, year, license plate number, VIN number,
, find the police to do REPORT (according to past experience, you can not use it), ask the police for the police report number, the police report will usually be released several days or weeks after the accident. Please carefully check the content on the report. If there is any error, please correct it immediately.
6, please report the accident process and location to the insured insurance company immediately, and provide the other party’s information.
7 collects and organizes any information related to the accident, such as the content of the call, the name, phone number, time and other information, so that information can be provided when facing legal lawsuits in the future.
8. If you feel that your rights and interests have been infringed, you should first find a lawyer to ensure that your rights and interests are not affected.
A little knowledge on purchasing auto insurance
) During the insurance effective period, the insurance coverage can be freely changed, or the insurance can be terminated in advance and a refund can be made.
has shared so much with everyone, I hope it can help you get everyone! I am alfred yang from North American Fun Automobile, focusing on car communication.
