Looking for state approved car insurance companies in California?
Also referred to as “admitted carriers” these are insurers which are licensed and have received approval from the California Department of Insurance to transact policy sales in CA, and are strictly regulated by state laws. Purchasing a policy through a state approved company gives the insured a certain degree of protection against unethical business practices and/or an insurer’s inability to pay out claims in case of financial instability.
By visiting OnlineAutoInsurance.com, Californians can get auto insurance quotes online from multiple state approved companies such as Progressive, Infinity, GMAC, Unitrin and others, by completing one simple set of questions.
With online technology, consumers may even purchase a policy online to benefit from the convenience that the Internet brings to policyholders. Within a few minutes, one may receive and print proof of coverage for the many reasons it may be required including vehicle registration or requests from authorities.
What’s the difference between an approved (admitted) and a non-approved (non-admitted) carrier?
Unless a carrier receives approval and has become admitted by state regulators, it is known as a non-admitted carrier and, although permitted to do business in the state, it may not have to strictly abide by state regulations. Policyholders purchasing coverage through these types of insurers must understand the risks involved. For example, in the event of insolvency, an insured’s claim may be left unpaid since they are not protected by the California state guarantee fund which insures the car insurance companies against such situations.
Approved companies do not have the freedom of changing their rates and coverage offered without first filing with the regulating department. On the other hand, those who have not gone through the approving requirements have the freedom of changing premiums without any regulation. If a decision is made to purchase a policy through such a company, an acknowledgement of the conditions usually has to be read and signed in order to complete the transaction.
OnlineAutoInsurance.com offers more information about California car insurance as well as articles, tips, guides, answers to questions and much more information and resources available through their learning center.
