Louisiana Auto Insurance Company
Filed under: Louisiana auto insurance company, Louisiana auto insurance quote
Reader’s Question:
I just moved to Louisiana. Recently, I overheard my coworkers saying the state was a comparative negligence state. What does the term mean? How does it affect me?
Jamie
Shreveport, LA
When vehicular accidents happen, the first question that pops into people’s heads is: “Will my automotive insurance cover the damage?” Jamie, the answer to this question depends on which state you live in, what your car insurance coverage is and whether or not it was your fault. The policy varies depending on your location. For example, in some states, if you are the slightest bit at fault, the insurance company will not pay for the damages to your car or any injury you may have incurred. If I am not mistaken, this is called pure contributory negligence. You are either at fault or you’re not. This is a very strict system which I believe only five states currently follow.
If your co-workers refer to Louisiana as a comparative negligence state, that means the state takes into consideration the extent of your so-called negligence. After an accident, your automobile insurance company may conduct an investigation and send an adjuster to determine how much you were at fault and how much you are entitled to receive. The good news is this is negotiable. There aren’t fixed mathematical formulas to arrive at the figures. So get yourself a standard auto insurance and hire a good lawyer. Then again, nothing beats simply driving safely.
Louisiana Auto Insurane Law
Reader’s Question:
What will happen if you get involved in a car accident and you do not have car insurance in the state of Louisiana?
Denver
Monroe, LA
If you do not have car insurance on your motor vehicle at the time of the accident, the “No Pay, No Play” law would then apply in Louisiana. That is, a person who does not have car liability insurance, no matter who is at fault, cannot collect for the first $10,000 of damages in an accident.
If you were at fault in the accident then I am sorry to tell you but of course you would have no insurance to make a claim through therefore you will likely be held personally responsible for the damages that you caused to the other party.
In Louisiana, the penalties for driving uninsured if you are cited by Louisiana law enforcement is that the vehicle can be impounded, you may be hit with fines and administrative fees, registration and license plates (tags) can be suspended or revoked as well.
Louisiana Auto Insurance Minimum
Reader’s Question:
What automotive liability insurance coverage does Louisiana impose?
Andrew
Shreveport, LA
Having an automotive insurance policy entails many benefits, especially if your policy covers the minimum required by the state of Louisiana. Being a driver, you are expected to be responsible for your own safety and for the safety of those people around you (your passengers, fellow drivers and pedestrians). With liability automotive insurance, you get an assurance that damages to these people and to yourself are financially covered. This is a good way of protecting your assets because in effect, you are passing the financial responsibility to the automotive insurance company by letting them take care of the expenses brought about by the accident.
If you have a collision and comprehensive coverage, your automotive insurance will protect your vehicle from expenses brought by accidents, vandalism, or theft. This also serves as a financial responsibility guarantee to the institution where you borrowed money from to buy your vehicle. This coverage is most beneficial to those whose vehicles have high market values.
The Louisiana state law suggests that if you want to drive a motor vehicle, you should be able to present proof that you have the resources to cover any damages that you may cause to others. This proof of financial responsibility must cover 10 thousand dollars for the bodily injury claim of one person, 20 thousand dollars for the bodily injury claims of two or more persons (for one accident only), and 10 thousand dollars for the vehicle or property damage claims of the other party. This is referred to as the 10/20/10 minimum automotive liability coverage of Louisiana.
Automobile Insurance Company Louisiana
Reader’s Question:
What will happen if I dont declare my traffic tickets when I am buying car insurance in Baton Rouge, Louisiana?
Alex
Baton Rouge, LA
When shopping or filling out an application for insurance you should always provide the complete and most accurate information possible. If the insurance carrier in Baton Rouge asks about your traffic violations that happened within a certain time period you will have to mention the traffic tickets that you received within that time frame.
If you do not inform your traffic tickets and therefore give inaccurate information about your driving history then when the insurance carrier runs your driving record, the car insurance quote you were given originally will have to be changed so that you can be rated appropriately using the information the insurance company finds out from your motor vehicle record (MVR).
For example if you forgot to inform an insurance company in Baton Rouge Louisiana of a speeding ticket you received two years ago then the amount for your insurance rate premium quoted to you could change once they find out about this violation and therefore to keep your car insurance policy in effect you would need to pay an additional amount to the insurance carrier. If you fail to tell an insurance carrier about a major violation, such as a DUI, then your insurance policy may be canceled.
If you leave off intentionally information or mislead the insurance carrier in order to get a lower premium rate it can be construed as misrepresentation in many states, a form of insurance fraud.