Taking Financial Responsibility
The financial responsibility law states that the driver of a vehicle is responsible for any damage to property or bodily injury caused by his or her driving. Auto insurance protects you against financial loss if you have an accident. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Read the following section to familiarize yourself with the steps that you will need to take if you get into a collision, and what types of insurance can cover different types of collisions and damages. Insurance rates are higher for young and new drivers because the chance for involvement in a collision is statistically higher.