Auto Insurance Regulation - Is the Auto Insurance Industry Highly Regulated?
The Truth About Auto Insurance Regulation
Q: Is auto insurance in California closely regulated? It seems that there are hundreds of companies here and I was wondering if there was a way to tell them apart?
A: The auto insurance in California is one of the most regulated in the country. If you see an ad for a low priced policy you can call the company and by law they have to give you a quote over the phone. If you have questions about whether a company is reputable or not you can contact the California Department of Insurance and ask if the company you have a question about is licensed to write insurance policies in California. Another good resource to use before paying for your policy is the Better Business Bureau.
When searching for auto insurance in California be sure to do diligent research. Many people only think about their car insurance when they write the check for the monthly premium. The other time people think about insurance is after an accident.
By doing your research beforehand you will know what to expect in the case of an accident and in many cases the level of customer service you receive will be almost as important to you as the final outcome of the accident.
Lastly, avoid falling into the trap that many drivers have trouble with -- accepting the first car insurance quote they are given. When it comes to saving money on coverage and buying the highest quality service possible, comparison shopping is one of the best things you can possibly do.
About the Author
Find out how your insurance compares with other top rated auto insurance coverage for free at http://www.InsuranceCompares.com today.
Tell others about
this page:
Comments? Questions? Email Here