Auto Insurance Premium Property Damage 
TGS
JANUARY 6, 2025
TGS Insurance Blog Understanding the New North Carolina Minimum Auto Insurance Requirements Effective January 1, 2025 Starting January 1, 2025, North Carolina will implement new minimum auto insurance requirements, marking a significant update to the state’s financial responsibility laws.
Scott Insurance
FEBRUARY 7, 2023
is facing higher-than-normal increases to their auto insurance premiums. According to Bankrate , an independent publisher and comparison service, auto insurance in the U.S. Therefore, if the costs associated with an accident increase, insurance premiums will follow suit.
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Freeway Insurance
JANUARY 3, 2025
New Legislation Means Many California Drivers Will Need More Coverage in 2025 Now that 2025 is here, many California drivers will face another significant auto insurance rate increase. Senate Bill 1107 , which increases minimum insurance requirements, is expected to further drive up premiums statewide.
American Agents Alliance
AUGUST 22, 2024
The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for property damage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for property damage (30/60/15).
Shield Insurance Agency
AUGUST 20, 2024
Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with.
TGS
DECEMBER 2, 2024
Property Damage Liability (PDL): $10,000 minimum to cover damage you cause to another person’s property. SR-22 filings often result in higher insurance premiums, so expect your rates to climb. The Domino Effect: Long-Term Consequences Driving without insurance doesn’t just hurt your wallet in the short term.
TGS
NOVEMBER 18, 2024
Cons: Higher Insurance Costs: No-fault states tend to have higher insurance premiums, as insurers take on greater responsibility for covering claims. While it covers medical expenses, lost wages, and certain other costs, it doesn’t cover property damage to your car or liability for damages to others.
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