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Most states require that you have auto insurance on your car, truck, or van.   Most banks require auto insurance before you receive an auto loan.  Depending on the price paid for a used car, you should ask about full coverage insurance prices.  Laws differ from state to state. The sites listed below will help you with the laws in your state and give you free quotes.

Auto Insurance Exemption

The House Business Affairs and Labor Committee of Colorado has decided to amend a bill that would have “imposed a prior approval regulatory system on insurance.” The bill has been amended to remove auto insurance from the equation.

Many were concerned with the fact that they felt the bill would change the way auto insurance is handled within the state, but now they will be able to preserve their “competitive marketplace for auto insurance.” The Property Casualty Insurers Association of America said that they were opposed to the government having control of auto insurance rates.

They said that they are pleased that they will no longer be included in that rate regulation. They claim that over the past five years, without this bill, they have been able to give rate reductions for their customers of more than 35%. With the competition as fierce as it is right now, it is good for auto insurance companies to have to compete for business.

They say that it ends up being a win-win for those seeking auto insurance, as companies will compete to get their business. They say that this change in the bill will only benefit their customers.




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