Almost every state has laws stating that people have auto insurance, but the actual regulations regarding auto insurance vary from state to state - so the type of coverage that you require depends on the state in which you live in.

Even if there are no laws, it is highly recommended that you have some form of cover; otherwise you may end up paying out huge amounts of money in the event of an accident, or even losing your home, in a worst-case scenario.


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Hybrids Save Money On USA Auto Insurance

Hybrids seem to be more than a trend in USA. In fact, they appear to be one of the best ways to save money these days. Hybrid drivers currently constitute less than five percent of all traffic in the United States. Automatically these drivers are positively stereo-typed to their benefit. It is assumed that hybrid drivers are more conscious about everything including the environment and therefore a lower risk for accidents; they are generally older more nature drivers statistically speaking and finally they are considered financially stable. All of these factors together equal lower rates. Discount of around ten percent of annual premiums are fairly common.

In 2006, USA Today reported, "Hybrids have grown from two models and less than 10,000 sold in 2000 to 11 models and 212,000 sold in 2005. J.D. Power and Associates estimates hybrid sales will increase 268% to 780,000 among perhaps 52 models in 2012."

While hybrids that run on electricity and or natural gas may save drivers money at the pump, depending on the type of accidents repairs may seem much more expensive. Travelers and State Farm and Farmers are among the insurers that are offering hybrid discounts. The savings do not stop at the pump; hybrid car buyers are receiving tax credits in the neighborhood of $250.00 - $3100 depending on the type of car.

It is not just the government, and the insurance companies that want to financially reward hybrid drivers. Many employers are offering reimbursements, incentives and cash allowances ranging from $1000.00 to $5000.00 dollars. Your company may already be offering like incentives.

Purchasing a hybrid now is still like getting in on the ground floor. It is still somewhat of a novelty and therefore there are many incentives that if the truth be told may not last. In advertising it is cliché to say limited time offer or restrictions may apply but in the case of auto insurance for hybrids this may be truth in advertising. If you are looking for a new car and a way to save money on the sticker, at the pump, and on the monthly premiums you may just need to consider a hybrid.

Car Insurance Q & A

Question: If someone borrows my car and crashes it, does my insurance apply, or does theirs?
Answer: Generally speaking, the liability follows the car, so your insurance would apply, as it is your car. The liability insurance of the driver often pays the additional amount if the costs payable are above your policy limits.

Question: If a child goes to college with mom or dad’s car, are they covered under the parents’ personal auto policy?
Answer: This can vary from company to company. Check with the insurance provider and make sure that the child is listed as an additional driver. Do this before the child goes to college, and it will avoid unnecessary disputes later on.

Question: Do I need ‘gap’ insurance?
Answer: If your vehicle is on finance, and its value is now less than the amount you owe, then yes you need gap insurance. If you owe less than its value, then no, you do not need gap insurance.