Here are ten fast facts you may not know about auto insurance:
1. America began manufacturing affordable cars with combustion engines in 1901. In 1927, Massachusetts became the first state in the nation to require auto insurance.
2. Auto insurance is tax deductible for business purposes, such as driving your car to work, or using your car as part of your job. However, commercial auto insurance rates are higher than the rates for personal car insurance.
3. Auto insurance premium rates can be affected by the occupation of the policyholder. Teachers and engineers get the biggest discounts. Race car drivers do not. Other occupations deemed safer by insurance carriers include clergy members, police officers, mechanics who can fix their own vehicles, and insurance underwriters who can write their own policies.
4. In most states, your credit score does affect your auto insurance premium rates.
5. Personal items in a damaged car are not covered under your auto insurance policy, unless you purchased additional insurance specifically for that purpose.