Low cost auto insurance was established in the early 1985 to help the lowest possible automobile insurance rates with the greatest possible coverage and has extended its service through out California and has also expanded its business in Arizona. The company has expanded from three locations to more than 600 locations statewide. This company gives a special privilege to the customers by offering fast processing of getting insured. The individual who is will to take the policy must visit the office with his vehicle and will be insured in half an hour time if he holds all the genuine documents which are needed for getting insured. This company has a head count of over 22,000 employees and has a live operator service call center which is available 7-days in a week. Low cost insurance had a turnover of over 2.6 billion USD in the year 2006. 

Low cost auto insurance has a motto with a slogan “It’s our name. Its what we do”.

The primary aim of the low cost auto insurance is to provide affordable auto insurance option to low income good drivers. California Law requires that all the drivers in the state must and should be insured. 

However, too many low-income drivers remain uninsured because the costs of the standard insurance premiums are beyond their financial reach. Low cost auto insurance is the solution for this UN -Insurance cause as it provides affordable liability that meet the State Finance responsibly laws.

The Low Cost Auto Insurance is also not subsidized by any taxpayers. Rates are set and adjusted annually in each county so that the premiums collected are sufficient to cover losses and expenses in each county.

Low cost auto insurance offers some of the premium rates by county –

• Installment plans are available for a little as 15%, with the balance payable in up to six payments
• Optional uninsured motorist and medical payments coverage is also available with low cost auto insurance.

• A 25% surcharge is added to the base rate for unmarried, male drivers who are aged between 19-24 years.

Eligibility required for holding a low cost auto insurance policy

• To be a eligible insurance policy holder the individual who is willing to hold a policy must be able to meet low income requirements such as if he is a single person he must own at least $25,525, 2 persons=$34225, 4 persons=$51625

• The individual who is willing to take a policy must hold a good driving record and must not hold more than one at fault property damage or an accident or not more than one point for moving violation in the past three years driving history.

• The individual who is willing to take a policy must be at least 19 years old.

• And he must hold a continuous licensed to drive for the past three years.

• The last but not the least the person who is willing to take a low cost auto insurance policy must have a vehicle valued at less than $ 20,000.

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