American Insure-All® can provide your auto insurance in Mountlake Terrace. Auto insurance has been around almost as long as there have been automobiles. It evolved, believe it or not, from marine insurance – merchants creating a pool of money to protect investors from loss in the case of a ship going down. The practice originated in China, and spread across the Mediterranean. The first insurance company to handle marine insurance was Lloyd’s of London, in the 1700s.
Liability insurance for a vehicle was a new concept. The first policy was issued to Dr. Truman J. Martin, for $11.25. Dr. Martin drove his vehicle to visit his patients. The policy would cover from $5,000 to $10,000 in damages if Dr. Martin ran into anything. The policy was issued by Travelers Insurance Company of Hartford, Connecticut. The first state to require automobile owners to carry liability insurance was Massachusetts, in 1925. Today, nearly every state in the United States requires automobile owners to have some sort of insurance. The exceptions are Virginia and New Hampshire. Virginia requires payment of an uninsured motorist fee, while New Hampshire requires that motorists provide proof that they can pay for any liabilities they incur. Insurance requirements do vary from state to state, but as a general rule of thumb, if you are insured in one state your coverage extends to any location to which you drive your vehicle.
American Insure-All® can provide your auto insurance in Mountlake Terrace, we can be reached at 888-411-AUTO. We won’t promise to provide a policy for $11.15, although in today’s dollars that cost works out to something like $325.00. We will, however, promise to help you select the policy that is a good match for your vehicle and your driving requirements.