HOW LONG HAS AUTO INSURANCE BEEN AROUND?
One of the most exciting times in your life is when you buy your first car. Your car represents the freedom to go places when you want or need to without having to rely on anyone else. Along with the thrill of having your first car comes the despair of having to buy auto insurance for it. Auto insurance is something most people don’t care for until they need it, and then it’s a blessing.
Today, auto insurance is the law, but it wasn’t always that way. Auto insurance began in 1865 as a specialty product for early auto enthusiasts. Back then, an English insurance agent wrote out the first automobile liability insurance policy, and the first policy in the United States appeared three years later. Massachusetts was the first state to require all drivers to have insurance starting in 1927.
Auto insurance has been around a long time, and it will probably be around for a long time more.