According to practically every consumer guide that refers to automobile coverage, the most effective way that consumers can save on premiums is to compare multiple quotes from various insurers. This is vital because the prices of companies can vary significantly from motorist to motorist. Be sure to comparison shop before purchasing a new policy in order to find the most affordable carriers.
When calculating a premium, carriers evaluate applicants on various factors, which in turn determines what an individual will pay with a particular provider. The most common items that affect pricing include the following:
- Driving record
- Vehicle year, make, and model
- Driver's age and gender
- Place of residence
Since it's mandatory that vehicles are insured at all times, anybody who intends to drive on the roads of DC should take the time to shop around and compare rates in order to find the cheapest policy.
Find Cheap DC Car Insurance Online
Finding affordable protection can be done easily and effectively with all the valuable resources that are provided by the Internet. In recent years, more consumers have taking advantage of this method of shopping because of its convenience. No longer do individuals have to call various companies or visit offices to find the right price and buy DC car insurance from the right insurer.
By completing and submitting a brief form, consumers will be provided with multiple rates from various providers which can be viewed and compared right on their computer screen. Comparing rates is the most effective way to find cheap DC auto insurance policies. This method of shopping just makes it easier to obtain and compare quotations from reputable insurers. Consumers can even purchase a policy online and become insured instantly. This is just another reason to use the World Wide Web to help find the cheapest protection.
Auto Insurance Laws in the District of Columbia
The Compulsory/No-Fault Vehicle Insurance Act makes it mandatory for anybody who applies for registration or a reciprocity sticker to have valid coverage. The DC Department of Motor Vehicles lists the following as the minimum requirements:
- Property Damage Liability - $10,000
- Third Party Liability - $25,000 per person and $50,000 per accident
- Uninsured Motorist Bodily Injury - $25,000 per person and $50,000 per accident
- Uninsured Motorist Property Damage - $5,000, subject to $200 deductible
Policies must remain in effect as long as the vehicle is registered. Failure to comply can result in fines and suspension of tags and reciprocity stickers. The fine is $150 for a lapse in coverage from 1-30 days and $7 for each additional day after that. Proof of coverage must be shown if requested by an officer of the Metropolitan Police Department; if unable to show evidence, a $30 civil fine will be issued. When canceling a policy, drivers should surrender their tags to the DMV before doing so to avoid these fines.