dragonball78948 dragonball78948

11-05-2024
Business

Answered

Does Washington have comparatively strict or lenient requirements for auto insurance
coverage?

Answer :

GinnyAnswer GinnyAnswer

11-05-2024

Final answer:

Washington state has relatively strict requirements for auto insurance coverage, leading to insurance companies avoiding high-risk parties and possibly withdrawing from the state.

Explanation:

Washington has comparatively strict requirements for auto insurance coverage. State insurance regulators in Washington have enacted rules to keep premiums low, resulting in insurance companies avoiding high-risk or medium-risk parties. This has led to instances of insurance companies withdrawing from doing business in the state, similar to cases in New Jersey and Florida.

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