What is the USA Federal Requirement for Auto Insurance?

Auto insurance is something that all drivers must hold in order to be legal when they drive. That being said, some drivers may not know what the minimum coverage is by federal standards. The agents with GTW Insurance in the NE Arkansas area can help you find out just how much coverage you need to be legal when you set out.

According to federal regulation, you have to have liability or minimum coverage of some sort. Though there is not a federal amount that is set that goes above and beyond the individual requirements of each state, the federal government does leave it up to each state to set their own requirements for minimum coverage for each state.

You can find out how much each state requires by doing a quick search. For Arkansas for example, the minimum bodily injury insurance that you must carry is $25,000 liability for each person. You must also carry $50,000 bodily injury liability per accident as well as $25,000 property damage liability per accident as well. Your agent can better explain what each item means but basically, your state is going to set a minimum requirement for your state that will allow you to legally drive and operate your car.

In some states, the coverage differs, a good example is that in California you only have to have $15,000 bodily injury liability per person. No matter where you live, it is important to have the right amount of coverage and to make sure that you are going to be both safe and legal when you drive. For those in the NE Arkansas area, the agents with GTW Insurance can help you find and adjust the policy that is going to be right for you each and every day.  

4 Tips For Saving On Home Insurance

There’s absolutely no reason to spend more on home insurance in NE Arkansas than what is absolutely necessary. Many people don’t even realize exactly how much their premiums are because they get hidden inside of escrow payments. However, if you lower your home insurance premiums, you lower your escrow, and therefore you lower how much you pay on your mortgage payment every month.

Get All Insurance from 1 Company

When you live in NE Arkansas, home insurance might not be the only type of insurance you need. You may also need auto, RV, life, and more. Rather than getting policies from different companies, get them from one. Companies reward loyalty in the form of discounts on your premiums.

Secure Your Home

Adding a security system reduces the likelihood of your home being broken into. This shows the insurance company that you are trying to deter crime – and you can usually get an insurance premium savings because of it.

Compare Rates

Take the time to compare rates from at least three different insurance companies. You may be surprised by how much the same level of coverage varies from company to company. The cheapest rate isn’t always the best, either – you want to get coverage from a company you can rely on.

Get Help from an Agent

It’s a good idea to work with an independent insurance agent. The difference is that an independent agent does not work for one specific insurance company. At GTW Insurance, we work with some of the top insurance companies across Arkansas, providing you with more options. It also allows you to get quotes and make better comparisons.

Getting help with home insurance is easier than you might think. Contact us at GTW Insurance to get quotes today. Our agents will be happy to help you every step of the way.