Article Writing Homework Help

Your assignment is to prepare and submit a paper on all 50 states mandate that automobile owners must provide a minimum of auto insurance in order to enjoy the state-granted privilege of driving that automobile within the state. is this a fair or unfair mandate. Currently, the percentage of the insured drivers is at 14%. In 2014, a study conducted by the Insurance Research Council reported that the percentage of the uninsured automobiles reduced on a national scale from 13.9% in 2009 to 12.5% in 2012. The study also found out that Oklahoma had the highest number of drivers who were not insured, at 4.2 million.

Various states have outlined the minimum insurance requirements for the motor vehicle owners. One acquires the insurance by seeking the services of an insurance broker permitted to sell insurance policies or working with an independent insurance agent. The owner of the automobile usually pays the insurers a fee every month. To that effect, the owner of the automobile pays the insurance premiums based on several factors, such as gender and age of the driver, vehicle type covered, the site where the automobile is mainly stored, and the driving history of the owner. Due to the significance of the auto insurance, drawing on a variety of sources the paper will discuss why it is fair mandate for all the 50 states to require that all the automobile owners to provide a minimum for an auto insurance so as to enjoy the state-guaranteed privilege of driving that vehicle within the state.

Predicting the future is almost impossible. One cannot tell if he or she will get involved in an accident and extent of the damage that will be incurred. Therefore, it is fair for all the 50 states to have mandatory vehicle insurance for the automobiles. The vehicle insurance has been in existence in order to regulate the motor vehicle industry in order to provide an economic safety net for the people. In all the 49 states and the District of Columbia vehicle insurance is compulsory. For all the 50 states it is a must for the drivers to be in possession of auto insurance prior to being allowed to drive the vehicle within the state (Black, Black. Jr, & Rossi, 2001).