Washington Car Insurance
Car insurance in Washington is considered to be important because it provides drivers with financial protection if they are involved in an accident or are victims of auto theft or vandalism. There are several types of insurance coverage available, such as uninsured motorist, collision, and comprehensive coverage, though liability coverage is the only type of insurance required by law. Liability insurance covers the medical and property damage expenses that you cause to another party as the result of an accident. However, if you only have liability insurance and you are at fault for an accident, your expenses will not be covered. For this reason, you may want to consider purchasing more than just the state minimum required amount of insurance.
Required Coverages in Washington:
- Bodily Injury Liability Per Person: $25,000
- Bodily Injury Liability Per Accident: $50,000
- Property Damage Liability: $10,000
Failure to maintain the minimum required amount of liability coverage is a violation of state law. If you are caught driving without auto insurance in Washington, you will be charged with a misdemeanor, which is punishable by a fine of at least $450. The severity of the penalty may vary based on the severity of the offense and the number of previous offenses that you may have on your record.
Determining Your Rate in Washington
The Insurance Information Institute shows the average cost for liability insurance in Washington to be $548, which is just above the national average of $474. However, your rate may not match the state average because car insurance rates in Washington are based on a driver’s level of risk. This is determined by several factors, including marital status, age, sex, location, vehicle type, driving record, vehicle use, and credit score.
Studies have shown that where you fit into each of these factors can determine how much of a risk you are to insure. For example, if you are a single male younger than 25, drive a high-performance vehicle, have a low credit score, have several negative marks on your driving record, and live in an area with a high number of reported traffic accidents, you may be considered as a high risk, resulting in higher insurance rates. However, auto insurance companies in Washington weigh each factor differently, which is why you will find a variety of prices when you compare car insurance quotes in Washington.