According to the Wall Street Journal, General Motors will increase its annual sales in China to three million vehicles by 2015. This is just the latest evidence that China’s automotive market is growing faster than that of the U.S.
Compulsory auto insurance coverage is a state issue. Each state establishes minimum bodily injury and property damage liability coverage requirements as it deems appropriate. However, liability insurance provides no benefits to the policyholder beyond the transfer of risk. The auto insurance requirement serves to protect the public from catastrophic losses the insured may cause.
While auto liability is compulsory, drivers aren't required to purchase coverage that protects personal interests. The state isn't concerned with how someone replaces their vehicle or pays personal medical expenses that result from their actions.
Mercury officials strongly denied the new allegations. In a statement Monday, the company said it "takes very seriously our responsibilities to consumers and our customers" and added: "We don't engage in practices that would overcharge our customers."
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Whether liability or collision, the government healthcare advocate still argues that auto insurance is government mandated. This is a half truth. States require drivers to carry liability insurance as a condition of using the public roads. However, there is no actual demand on anyone to buy auto insurance. If a person chooses not to drive a motorized vehicle on the public roadways the auto insurance requirement is inapplicable.
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