California - You can get cheap car insurance, courtesy of the state!
Did you know that if you live in California you can get cheap car insurance, courtesy of the state? It’s true, the State of California has just such a program, known as the California Low Cost Automobile Insurance program. While the insurance itself is not actually purchased through the state, but from participating insurers, the effect is great for those who are suffering through our tepid economy. Relax, it’s not paid for paid for out of state tax revenues (good thing too, since the state has no more money).
Since the year 2000, the program, which has approximately 45,000 participants, can effect a dramatic drop in liability insurance rates. Typically, liability insurance under the program runs between $300 and $400 per year! That’s cheap where I come from, no doubt about it.
Here are the conditions (you knew there had to be some of those, didn’t you?)
Drivers must have a clean driving record (but you can have one at-fault accident), be at least 19 years old, and have at least 3 years of driving experience. Not too bad so far. There are income restrictions you must meet if you want to participate in the program too. You have to be driving a vehicle that does not have a value of more than $20,000. Your combined, family income must not exceed 250 percent of the federal poverty level (currently $26,000 for a single person, $35,000 for two persons and $53,000 for a family of four)
So, there is a way to get cheap car insurance, even in California. Now if you could just sell that house you bought a few years ago…..
