Washington enforces strict auto insurance laws. The laws impose hefty penalties for any driver who fail to comply. This could include high fines or a lose of driving privileges. With changes in these laws and regulations, the Department of Motor Vehicles could cancel the vehicle registration.
What Insurance Do You Need?
To begin, the state imposes the mandatory minimum required throughout the country. All drivers must acquire bodily-injury liability insurance offering $25,000 for each individual injured. The maximum for this coverage requirement is $50,000. This insurance offers $10,000 for property damage.
Under-insured Motorist Coverage
Under-insurance Auto Insurance Federal Way offers coverage when the other driver doesn’t have enough coverage. This protects against common liabilities associated with reduced coverage levels. The requirements allow for a $25,000 minimum with a maximum of $50,000. The additional property damage equates to $10,000,
Washington is a No Fault State
All drivers in Washington are required to purchase personal injury insurance. The policy must equate to at least $10,000. Since the state is classified as a no-fault state, all drivers involved in an accident must file a claim through their insurance carrier. They may also face restrictions if they need to file a formal claim for extreme injuries.
Requirements for Financed Vehicles
Drivers who finance their automobile face additional insurance requirements. Most lenders require full-coverage Auto Insurance Federal Way. According to new changes in insurance laws, the DMV must report any insurance cancellations or lapses to your lender. The terms of most new auto loans require you to maintain coverage. In the event that you fail to comply with this requirement, your lender could repossess the vehicle. This is why you should contact the DMV and your lender if there are any changes in your coverage.
Providing valid proof of Auto Insurance Federal Way is a requirement all drivers face. In Washington, these drivers must protect themselves from potential liabilities and personal injuries. They must also comply with local laws to avoid unwanted penalties and fines. To learn more about auto insurance, you should contact SAV-ON in Federal Way or browse the website for more information about these policies. Browse the website for more information.
