Car Liability Insurance Coverage: It’s Actually for Your Own Protection
From 2008 to 2015 the average annual rate of fatal car accidents in the U.S. was 33,000 – this is 11,000 less than the average annual rate from 1981 to 2007. The National Highway Traffic Safety Administration (NHTSA), other governmental organizations and all those directly concerned about traffic safety are obviously working hard in implementing road safety rules. Besides the passing of new laws that will increase road safety, car manufacturers also do their part by improving car design and equipping new vehicles with modern safety devices that will make cars safer than ever before.
Having 33,000 deaths every year, however, is still alarming, especially when more than 90% of car crashes are due to driver error. This simply means that these accidents and deaths can be prevented if only drivers would act responsibly while behind the wheel and not compromise the safety of other people on the road.
Bad road behavior is not the only fault man has, though. Many of those who cause accidents are also guilty of failing to paying compensation to their victims. Thus, besides causing their victims pain and suffering, victims are also made to suffer financially due to the cost of medical treatment and lost wages.
In order to help assure accident victims of the compensation they have a legal right to claim, a law was passed which would require drivers to carry auto liability insurance. This law was passed in 1925, with Massachusetts and Connecticut being the first states to adopt it. Today, this law is known as the Financial Responsibility law and its purposeis to make sure that drivers at fault in accidents have the financial capability to compensate their victims for the damages and losses these are made to suffer.
The Financial Responsibility law requires that drivers carry auto liability insurance. Thus, a driver, whether of a car, a truck or a motorcycle, will need to show proof that he or she carries one whenever he or she renews his or her license, registers his or her vehicle, gets pulled over by a police officer or gets involved in an accident.
The type of insurance coverage a driver needs to carry depends on the type or liability system recognized in the state where he or she resides. In 38 states, the recognized insurance coverage is the tort or fault system, while in 12 others, the “no-fault” coverage is what is required. Under the tort or fault system, compensation is paid to the victim by the insurance provider of the driver at fault in an accident; under the “no-fault” system, however, drivers involved in an accident are compensated by their respective insurance providers regardless of who is at fault in the accident.
Fault or “no-fault” system, one common thing about insurance policies is that these are needlessly expensive. Often, drivers are made to pay much more than what they really should. Independent car insurance firms, like Insure on the Spot, however, are working to change the image of the insurance world – from too costly to budget friendly and without shielding from clients the best deals available. The best way to find the type of coverage that one needs is by going online and visit the website of these independent car insurance firms. These firms offer clients insurance quotes, some offer a dozen quotes, which can be compared to help them find what will match really need and budget.