Financial Responsibility – Know The Car Insurance Coverage In Georgia
Residence in the state Georgia must comply with financial responsibility law to own and drive vehicles legally. Proving that you have financial responsibility on your car means that you must show you have the financial resources to cover damages that you may cause to other people or their property when an accident occurs.
There are two ways to establish financial responsibility in Georgia:
- Choose to self insure through the Office of Insurance and Safety Fire Commissioner. You may contact office of the Commissioner at (800) 656-2298.
- Buy car insurance coverage from a licensed insurance provider in the state of Georgia.
If your choice is to purchase car insurance, the required minimum limits in Georgia which is known as 25/50/25.This simply means that you need to get car insurance coverage with following minimum limits:
- $25,000 for every person for bodily injury
- $50,000 for every accident to cover for more than one person
- $25,000 fore every accident to cover damage on properties
Remember that those limits are just the minimum required limits that you need to follow. Most drivers choose to up their car insurance coverage for better protection. The State of Georgia doesn’t require collision and comprehensive coverage, however your finance company will and you certainly will want to maintain it also. This insurance pays for the damages to your vehicle that may incurre from accidents. However, getting this insurance coverage is only advisable if you your vehicle is not more than four years old.
Also, it’s important to note that not all vehicles in the state of Georgia need to be insured. If you do own non-motorized vehicles like campers and trailers or mopeds or even ATVs, you don’t have to purchase insurance policy for those types of vehicles.
Going on line is a quick, easy, and convenient manner to shop for the right auto insurance at the right price.
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