According to the Wall Street Journal, General Motors will increase its annual sales in China to three million vehicles by 2015. This is just the latest evidence that China’s automotive market is growing faster than that of the U.S.
The data, which Insure.com released Monday, comes from a study Quadrant Information Services performed for Insure.com to find the most and least expensive vehicle to insure nationwide, which we covered in this March Bucks post. The data, which determined average insurance premiums rates for more than 2,400 vehicles from the 2010 model year from six large carriers across 10 ZIP codes in each state, also enabled a comparison of auto insurance rates in general across the states.
While auto liability is compulsory, drivers aren't required to purchase coverage that protects personal interests. The state isn't concerned with how someone replaces their vehicle or pays personal medical expenses that result from their actions.
Cabot China & Emerging Markets Report is the top source of stock ideas that will benefit from China’s growing auto sector. It was recently named the #1 newsletter for the last five years by Hulbert Financial Digest, with annualized gains of 19.5%.
Renters Insurance - Five Tips To Pay Less | Inexpensive Car Insurance For Older Citizens
Whether liability or collision, the government healthcare advocate still argues that auto insurance is government mandated. This is a half truth. States require drivers to carry liability insurance as a condition of using the public roads. However, there is no actual demand on anyone to buy auto insurance. If a person chooses not to drive a motorized vehicle on the public roadways the auto insurance requirement is inapplicable.
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