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Insurance, Don't leave home without it!

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.

Car Insurance Going Up

Arkansas is looking to increase their car insurance rates, which is making a lot of people very unhappy. Drivers in the state already feel that they pay more than enough for their auto insurance, and they think that any sort of increase to that premium is just too much.

However, a new bill that was just amended today will increase each car insurance policy by $12.00. The amendment was created to pay for a new statewide trauma network that the state is looking to build.

Democratic Representative Denny Sumpter introduced the bill, and it may increase car insurance, but it will also raise about $25 million a year. That money is going to be matched by federal funds, and will enable the trauma system to be created.

The Senate Public Health Committee listened to testimony before deciding if the car insurance increase was worth it. They listened to stories of traumatic car accidents and how they currently have to go to the Med in Memphis in order to get the best treatment. This new system will enable them to increase coverage over the rest of the system.

The House has already passed the car insurance increase, and the Senate is looking to approve it as well – but they want some minor changes to the bill before they sign off on it. Residents may not be happy about the increase in their car insurance, but if they are ever in a serious accident they will be glad they paid for it.


 

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