Due to the economic recess, housing rates have skyrocketed, making it unaffordable for many aspiring homeowners. However, the automobile market is doing fine in the state, and expensive and exotic autos like Lamborghinis are also recording high sales. Seeing all those cars means auto insurance firms are thriving in the zone. Although a lot of people get covered by big names in the industry, direct insurance businesses like Geico are gaining more grounds in the auto insurance market share than old companies.
A study carried out by Value Penguin reveals that Washington D.C. Auto Insurance is relatively expensive with about $2,100 as average annual premium. This estimate makes the city the costliest to insure a car in the U.S. However, don’t be scared about these rates, with a good driving record, and without any accident recorded in the past three years, you can get a moderate coverage.
Requirements for Auto Insurance in Washington D.C.
All drivers in Columbia District ought to satisfy or exceed the least requirement for auto insurance as required by the state laws. Here are the least costs for liability insurance plan
· Minimum per person for injuries – $25,000
· Minimum per accident for injuries – $50,000
· Insurance per accident for property damage – $10,000
Policy for Uninsured Motorists
· For injuries person – $25,000
· For injuries per accident – $50,000
· Property damage per accident – $5,000
Drivers ought to have an insurance proof at all times; drivers caught without a proof risks payment of a fine and a suspension of license. If after 30 days there is still no evidence of insurance, the driver will be penalized a daily fine of $7. Driving without coverage could be precarious and may cost you several hundreds of dollars. So quit driving without coverage; get a policy today and drive legally!
Washington DC Vehicle Insurance Sharp practices
Just like the other main cities, Washington D.C. vehicle insurance industry experiences numerous fraudulent practices. Such acts include falsification of residency address, minor lies and arranged accidents and theft.
Common among these practices is policyholders feigning to be severely injured when in fact, they were not badly hurt. These frauds fall back to policyholders in the form of higher premiums. In the event, you come across fraudulent practices, kindly report to the appropriate authorities.
Alcohol-related accidents in Washington D.C.
The metro area of Washington D.C. records about ten vehicular crashes weekly. Of this estimate, one out or every three are caused by alcohol. Legally, Blood Alcohol Content (BAC) must not exceed.08 for drivers and.04 for licensed commercial vehicles. If you come across a motorist driving under the influence of alcohol of drugs, put a call through to the cops and save lives. Here are the penalties for DUI
* Six months Suspension of driver’s license
* $1,000 fines
* 90 days jail term
* One-year Suspension of driver’s license
* $5,000 fines
* One-year jail term
* Two years suspension of driver’s license
* $10,000 fines
* One-year jail term
Mike Heuer is an experienced writer and insurance expert specializing in auto insurance, home insurance as well as other types of insurance.
The easiest way to get the most affordable auto insurance in Washington D.C is to get direct quotes online for your preferred coverage. Many people have the wrong notion, thinking it takes a long time to get quoted, but the truth is, with good to go insurance, you can get a quote in about 6 minutes [http://goodtogoinsurancecompany.com] or even less.
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