Car Insurance Day

Car Insurance Day is an annual American holiday dedicated to car insurance. This procedure is widespread both in the United States and in other countries. The holiday is celebrated on February 1st.

History

Car insurance is a procedure by which car owners can insure their car through special organizations. The list of cases in which insurance is valid includes: theft, accident, breakdown, and so on. Car insurance allows drivers to receive compensation for damage in the event of an insurance situation.

The concept of insurance appeared in society thanks to Benjamin Franklin. This wonderful man, who was directly involved in the creation of the United States, and also achieved great success in various fields of activity, created the first insurance company in 1751. People could insure their property against fire.

The first car was created by K. Benz in 1886. Already after eleven years, mechanic Gilbert J. Loomis created his own car, for which he issued the world’s first insurance policy. Over the course of a century, the auto insurance industry has been actively developing and improving. In 1927, compulsory auto insurance was introduced in Massachusetts. It was the first state to have such rules.

Interesting facts

• In England, if the driving experience is 20 years, and all this time there was not a single accident, the driver receives auto insurance free of charge.
• Researchers say that the most aggressive drivers are under 25 years old, and therefore more likely to get into an accident. Older people are more preferred clients for insurers.
• According to statistics, the most dangerous period on the roads is the night hours from Friday to Saturday. Accidents on the roads on average increases by 5 times.

How to celebrate

Get insurance for your car on Car Insurance Day if you haven’t already done so. Cases are very different, so it is so important to protect your property. Find out more interesting information about car insurance features in different countries.

Tell about the holiday on social networks. Ask other users if their car is insured.

When is Car Insurance Day celebrated in 2024?

Car Insurance Day is observed on February 1 each year.

Observations