Saturday, August 14, 2010

Auto Insurance Subsidy Introduced

The state of California is telling unemployed residents there are auto insurance options if you have been hit hard by the recession or are unemployed. State official are trying to warn residents of the dangers of driving without insurance and the financial implications should an accident happen for people without auto insurance coverage.

Many people across the country have allowed their auto insurance policies to expire and do not have the financial means to activate them. California authorities and officials are warning residents that this can have serious repercussions should an accident happen. Being responsible for the cost of car repairs after an accident can financially ruin people without auto insurance.

The California Department of Insurance has recently started offering assistance to unemployed or low income drivers. To qualify for the program drivers must be in a specified low income bracket, drive a car valued below 20 thousand dollars and has held a valid drivers license for 3 years.

This program has allowed some drivers to afford auto insurance instead of just allowing their policies to expire.

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