Requirements for Georgia Car Insurance Policy
Georgia Car Insurance Policy Laws
In the state of GA, all drivers are mandated to have 25/50/25 insurance policy. This implies that, your Georgia car insurance policy is demanded by law to maintain bodily injury coverage of $25,000 per individual, $50,000 per accident and then $25,000 to cover any property damage. Those that do not uphold this minimal amount of coverage can be heavily fined or have your license suspended.
GA works under the Tort system, this means that unlike a No Fault state, one of the drivers must be found at fault in any given car accident. Obligation for paying monetary costs lies in the hands of the individual found accountable as well as their car insurance underwriter. GA car insurance laws do not obligate motorists or drivers to carry personal injury protection coverage, nor do they require the purchase of underinsured car insurance coverage. These policies, while not obligatory, are not a bad option to add onto your car insurance coverage. Many Georgians invest in these nonobligatory car insurance products to ensure enough coverage in the event of an automobile accident. These rules were enacted to protect individuals and their automobiles on the Georgia roads. To guarantee compliance with these laws, insurance companies are obliged to share information about your policy with the Georgia Department of Revenue by way of a statewide database. Concurrently, it is encouraged to keep validation of your insurance with you each time you are driving your car. Without it, if you are stopped by the police or involved in a car accident, you could be fined $200 or even have your license suspended.
Georgia is not a no-fault state, but instead, they run under Tort law. This signifies that for all automobile accidents, one of the involved parties must be found to be blamable and they, along with their insurance firm, will be held responsible for financial liabilities resulting from the car accident.
Personal Injury Protection or PIP is an extension of a car insurance policy that is not dependent upon on who’s accountable for the automobile accident. It can help pay for medical costs and other financial damages after a collision. It is not obligatory in GA but many people add this type of protection to their car insurance policy.
Uninsured insurance is another elective extension that can be appended to your car insurance coverage. This coverage protects you in the event that the party involved is not insured at the time of the car accident.
To guarantee compliance with the law, GA insurance companies are obligatory to provide details of your car insurance to a statewide database maintained by the Georgia Department of Revenue. It is also urged to carry proof of car insurance coverage with you everytime you drive. You may be asked for this proof if you are involved in a motor vehicle accident or are stopped by the police.
