Month: August 2024

California Auto Limits Increase in 2025: What You Need to Know

Posted on by ANA Insurance BrokeragePosted in Insurance

Starting January 1, 2025, California will implement new minimum auto liability insurance limits. If you’re a current policyholder or exploring your insurance options, these changes will impact your coverage requirements for driving legally in the Golden State. Here’s a detailed look at the updated limits and how they could affect you.

What Are the New Auto Insurance Limits?

Under the new legislation, the updated minimum liability insurance limits will be:

  • $30,000 per person for bodily injury
  • $60,000 per accident for bodily injury
  • $15,000 per accident for property damage

These limits represent a significant increase from the current requirements of $15,000 per person, $30,000 per accident for bodily injury, and $5,000 per accident for property damage.

Why Are the Limits Increasing?

The rise in auto insurance limits is a response to the increasing costs of medical treatment and vehicle repairs. California’s Senate Bill 1107 addresses the need for more substantial financial protection to ensure drivers are not underinsured in the event of an accident. By raising the minimum coverage requirements, the bill aims to provide better protection for all drivers and mitigate the financial impact of accidents. For more information, you can refer to the California Department of Insurance (CA DOI) Bulletin.

How Will These Changes Affect You?

  • Potential Increase in Premiums: With the new higher coverage limits, you may experience an increase in your insurance premiums. It’s important to anticipate this potential cost adjustment and plan accordingly.
  • Enhanced Protection: The higher limits will offer greater coverage in the event of an accident, providing more comprehensive financial protection and reducing the risk of being underinsured.
  • Review Your Policy: Now is an ideal time to review your current auto insurance policy. Ensure that your coverage aligns with the new legal requirements and consider if additional coverage options might be beneficial for your situation.

What Should You Do?

  • Contact Us: At ANA Insurance Brokerage, Inc., we’re here to help you understand the implications of these new limits on your auto insurance policy. Contact us for a comprehensive review of your coverage and to discuss any necessary adjustments.
  • Update Your Policy: If your current policy does not meet the new state requirements, we can assist you in updating it. Our team will work with you to find the best coverage options that fit your needs and budget.
  • Stay Informed: Keep abreast of any further updates or changes in insurance regulations. Staying informed will help you make better decisions about your coverage.

Final Thoughts

While the increase in auto liability limits may lead to higher premiums, it’s a crucial step towards enhancing protection and security for all drivers. At ANA Insurance Brokerage, Inc., we are dedicated to helping you navigate these changes and ensuring you have the appropriate coverage. If you have any questions or need assistance, don’t hesitate to reach out to us.

Drive safely and stay protected!

Best regards,
ANA Insurance Brokerage, Inc.

Read More

Starting January 1, 2025, California will implement new minimum auto liability insurance limits. If you’re a current policyholder or exploring your insurance options, these changes will impact your coverage requirements for driving legally in the Golden State. Here’s a detailed look at the updated limits and how they could affect you.

What Are the New Auto Insurance Limits?

Under the new legislation, the updated minimum liability insurance limits will be:

  • $30,000 per person for bodily injury
  • $60,000 per accident for bodily injury
  • $15,000 per accident for property damage

These limits represent a significant increase from the current requirements of $15,000 per person, $30,000 per accident for bodily injury, and $5,000 per accident for property damage.

Why Are the Limits Increasing?

The rise in auto insurance limits is a response to the increasing costs of medical treatment and vehicle repairs. California’s Senate Bill 1107 addresses the need for more substantial financial protection to ensure drivers are not underinsured in the event of an accident. By raising the minimum coverage requirements, the bill aims to provide better protection for all drivers and mitigate the financial impact of accidents. For more information, you can refer to the California Department of Insurance (CA DOI) Bulletin.

How Will These Changes Affect You?

  • Potential Increase in Premiums: With the new higher coverage limits, you may experience an increase in your insurance premiums. It’s important to anticipate this potential cost adjustment and plan accordingly.
  • Enhanced Protection: The higher limits will offer greater coverage in the event of an accident, providing more comprehensive financial protection and reducing the risk of being underinsured.
  • Review Your Policy: Now is an ideal time to review your current auto insurance policy. Ensure that your coverage aligns with the new legal requirements and consider if additional coverage options might be beneficial for your situation.

What Should You Do?

  • Contact Us: At ANA Insurance Brokerage, Inc., we’re here to help you understand the implications of these new limits on your auto insurance policy. Contact us for a comprehensive review of your coverage and to discuss any necessary adjustments.
  • Update Your Policy: If your current policy does not meet the new state requirements, we can assist you in updating it. Our team will work with you to find the best coverage options that fit your needs and budget.
  • Stay Informed: Keep abreast of any further updates or changes in insurance regulations. Staying informed will help you make better decisions about your coverage.

Final Thoughts

While the increase in auto liability limits may lead to higher premiums, it’s a crucial step towards enhancing protection and security for all drivers. At ANA Insurance Brokerage, Inc., we are dedicated to helping you navigate these changes and ensuring you have the appropriate coverage. If you have any questions or need assistance, don’t hesitate to reach out to us.

Drive safely and stay protected!

Best regards,
ANA Insurance Brokerage, Inc.

Classic Car Insurance Is Different From Standard Auto Insurance

Posted on by adminPosted in Classic Car InsuranceTagged ,

If you reside in the Southgate, CA area and are looking for classic car insurance, ANA Insurance Brokerage Inc. is ready to assist you. Our agents can deliver the information and support you need to acquire the appropriate coverage for your requirements. If you’re new to owning a classic car, it’s crucial to understand that it’s not the same as possessing a newer, more conventional vehicle. The types of coverage options and protection levels are different, which is why having the right agent is significant.

Classic cars are typically not driven daily like standard vehicles. Therefore, classic car policies often come with mileage restrictions. These policies may specifically delineate what’s covered, and you might need to expand the coverage through riders on your policy if you use your vehicle uniquely or drive it more than what’s considered typical. Consulting an agent will simplify getting your questions about these issues answered.

Another reason to refrain from insuring your classic car with a standard policy is that the parts for your vehicle and the labor costs from someone capable of working on it vary significantly from those of most vehicles. You must ensure you have a policy that genuinely recognizes your classic car’s age, condition, and rarity. That’s how you protect it and achieve greater peace of mind, thus enabling you to enjoy your vehicle more.

Contact us at ANA Insurance Brokerage Inc. today if you’re in the Southgate, CA, area and searching for classic car insurance. We recognize that these policies vary considerably from standard auto insurance, and our agents will assist you in securing the best policy to safeguard your classic vehicle adequately.

Read More

If you reside in the Southgate, CA area and are looking for classic car insurance, ANA Insurance Brokerage Inc. is ready to assist you. Our agents can deliver the information and support you need to acquire the appropriate coverage for your requirements. If you’re new to owning a classic car, it’s crucial to understand that it’s not the same as possessing a newer, more conventional vehicle. The types of coverage options and protection levels are different, which is why having the right agent is significant.

Classic cars are typically not driven daily like standard vehicles. Therefore, classic car policies often come with mileage restrictions. These policies may specifically delineate what’s covered, and you might need to expand the coverage through riders on your policy if you use your vehicle uniquely or drive it more than what’s considered typical. Consulting an agent will simplify getting your questions about these issues answered.

Another reason to refrain from insuring your classic car with a standard policy is that the parts for your vehicle and the labor costs from someone capable of working on it vary significantly from those of most vehicles. You must ensure you have a policy that genuinely recognizes your classic car’s age, condition, and rarity. That’s how you protect it and achieve greater peace of mind, thus enabling you to enjoy your vehicle more.

Contact us at ANA Insurance Brokerage Inc. today if you’re in the Southgate, CA, area and searching for classic car insurance. We recognize that these policies vary considerably from standard auto insurance, and our agents will assist you in securing the best policy to safeguard your classic vehicle adequately.

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