The Cheapest Auto Insurance Rate in Washington — Not Always the Best Policy
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Ron Trumbo
Car Insurance Editor |
InsuranceLoco believes in finding the lowest rates — for the best coverage. The very minimum coverage for auto insurance is not necessarily the best decision in Washington. Be aware that Washington's mandatory auto insurance law requires that every driver have an auto insurance liability policy of at least 25/50/10. This means that your Washington auto insurance policy must have at least $25,000 for injury to another person, $50,000 for injuries to all other persons, and $10,000 for damage to another person's property.
$450: The minimum fine for driving With out Proof of Insurance in Washington
Beyond just having proper insurance coverage in Washington, you have to be able to prove it. After you compare insurance quotes and find a new auto policy, your new insurance company is required to provide you with an insurance ID card when they issue or renew your motor vehicle liability policy. It's simple, the proof of insurance will include the name of your insurance company, your policy number, and the policy’s effective and expiration dates.
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Washington Homeowners Be Aware of “Forced Placed Coverage”
If you have a home mortgage in Washington, be aware that your mortgage lender is allowed to make home insurance mandatory as a part of your home loan agreement. It’s called “forced placed coverage” and it entitles your mortgage company buy a policy on your home and stick you with the bill as part of your mortgage. Washington homeowners need to be aware that they are not protected by this forced placed coverage and that policy is very expensive. Don’t let your home insurance policy lapse in Washington. If you need financial help, talk to your Washington home insurance agent or the Washington FAIR Plan.
Washington Homes Not Automatically Protected From Earthquakes
Being on the “Ring of Fire” and subject to major earthquakes, Washington homeowners should consider adding an Earthquake Insurance endorsement to their home insurance or renters insurance policies. For those on the coast, be aware that earthquake insurance does not necessarily protect from tidal waves caused by earthquakes. In Washington, earthquake insurance generally features deductibles totally about 25% of your home’s policy limit and pays for claims that are beyond the deductible. Like any home insurance policy, not all earthquake plans are the same — Washington home owners should shop around! Washington’s Authorized earthquake insurance companies.
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