3 Car Insurance Facts
3 Surprising auto insurance facts
Auto Insurance facts are often misunderstood, even by people who have maintained auto insurance their entire lives.
1. Auto insurance is required in all 50 states even though minimum limits vary, it is illegal to drive without insurance no matter where you are in the United States, even being under-insured can result in a ticket or worse n many States.
It is illegal to drive without insurance no matter where you are in the United States
2. Auto Insurance is Tax Deductible for business use. You can determine the amount of time you use your care for solely business purposes, for example 30%, then 30% of your auto insurance may be deductible.
If you have items stolen from your vehicle, they may not be covered by either your auto insurance or your home insurance, your home insurance typically only covers the items, for example the lap top, when it is stolen from your home. Your car insurance may not cover this as it is not listed on your car insurance policy.
3.Auto Insurance may not cover theft