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  2. Gap insurance in California: what you need to know - AOL

    www.aol.com/finance/gap-insurance-california...

    Let’s say you used a $25,000 auto loan to purchase a new vehicle, and you carry a full coverage car insurance policy. Your vehicle is stolen from your driveway, and you file a claim with your ...

  3. California Low Cost Auto Insurance Program - Wikipedia

    en.wikipedia.org/wiki/California_Low_Cost_Auto...

    The objective is to give all residents of California the opportunity to be insured by providing affordable options. [1] When you apply for the program, you have to meet certain income requirements. As an example, a single person cannot have income that exceeds an amount over 250% of the poverty level. Most states in the contiguous U.S. have a ...

  4. New law increases California's auto insurance minimums - AOL

    www.aol.com/news/law-increases-californias-auto...

    Before Protect California Drivers Act went into effect, the following minimum liability requirements were: $15,000 for injuries or death to one person. $30,000 for injuries or death to multiple ...

  5. California car insurance laws - AOL

    www.aol.com/finance/california-car-insurance...

    California drivers might consider purchasing these other types of car insurance, on top of the state’s legal requirements, for more robust financial protection:

  6. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car. There are two types of auto loans, direct and indirect. In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a ...

  7. California Department of Insurance - Wikipedia

    en.wikipedia.org/wiki/California_Department_of...

    Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.