Today there are many agencies that are used to control a variety of different things. The Department of Idaho Insurance controls the required coverage for vehicles as well as works to regulate the cost of that coverage. Every state has an agency that works on this type of thing today. The requirements are set up for each individual state.
Deciding what requirements should be placed on drivers will be a difficult decision. While there are a variety of different options that can be found, many people do not understand the need for each vehicle to have coverage. Many feel that the cost of the coverage that is required far outweighs the benefits that they might receive, especially if they do not ever file a claim.
The need for coverage was originally set up to help protect people from other drivers. However, today the cost of that coverage is quite high. As a result today’s requirements are different. In the past there were no actual minimums set. Today however you will be required to have a minimum amount to help reimburse other people when they are involved in a collision with you.
The agencies that set up the limits for this type of coverage have varying opinions about what the limit should be. As a result many states have different minimums that are set up. However every state has some type of requirement that drivers must meet to drive legally on the roads within that state.
Often there are questions regarding travel from one state to another, especially when there are differences in the coverage requirements for the state. It is important to understand that the minimums that you must carry are to be based on the state in which the vehicle is registered. So for example if you have a vehicle registered in Florida and travel to another state, the required amount of coverage is based on the requirements in Florida, not the state that you travel to.
There are many confusing requirements for coverage of an automobile today. The Department of Idaho Insurance can be helpful in sorting out what you will be mandated to have for coverage on your vehicle when registered it in that state. When you leave the state and move to another, you will need to verify that you have the proper coverage for the new state as well when you register your vehicle there.