Category Archives: Finance Guide

What Year Did Car Insurance Become Mandatory?

Car insurance provides financial protection against damage to a vehicle and liabilities associated with accidents, including expenses such as repairs, medical bills and legal claims. Car insurance is mandatory across most U.S. states; however, individual state laws vary accordingly. Massachusetts was the first to introduce mandatory coverage requirements in 1925 followed by Connecticut and Virginia […]

What is Blanket Insurance Coverage?

Blanket insurance provides coverage for multiple properties in different locations with one policy. Blanket insurance, which is an insurance policy that covers more than one type or property in a single location, is called blanket insurance. Btw- a homeowners insurance policy or an HO3 can also be referred to as blanket coverage. That’s because your HO3 protects more […]

Average cost of car insurance in Virginia

The average cost for car insurance in Virginia for full coverage is $1,304 and $441 respectively. While car insurance rates are lower in Virginia than in some neighboring States, it is possible to get a lower rate from one of the most affordable auto companies in Virginia. You can feel more in control over your insurance costs by knowing what factors […]

Average cost of car insurance in Arkansas

Arkansas auto insurance rates average $470 per month for minimum coverage, and $1914 for complete coverage. You will need the minimum insurance required by Arkansas to legally drive a car. However, there are many factors that can influence the price you pay. What is the cost of car insurance in Arkansas? Other than Arkansas’ minimum requirements for car […]

Average cost of car insurance in Idaho

Idaho’s cost of living is very low compared to other states. This holds true for Idaho’s auto insurance rates. Idaho’s average car insurance cost is $307 annually for minimum coverage and $1,045 for full coverage. These rates are considerably lower than the national average for car insurance. The average U.S. rate is $565 for minimum coverage and $1674 for full coverage. What […]