A little insurance history 🙂
Did you know the world’s first automobile insurance policy was issued in Dayton, Ohio in 1897?
We usually think of the Motor City (Detroit, Michigan) as the birthplace of the manufacturing of cars. But, Ohio was actually in the forefront of this new technology for transportation.
In 1897, Gilbert J. Loomis was the first person to purchase an automobile liability insurance policy from the Travelers Insurance Company for $1000.00.
Other interesting car insurance facts:
- Missouri had no driver exam law until 1952. Prior to such laws, people would simply pay ($.50 or so) and walk away with a license to drive.
- Massachusetts was the first state to require automobile liability insurance in 1927. (Today, New Hampshire is the only state in the U.S. without such mandatory liability laws.)
Article courtesy of Sibcy Cline Insurance Services. Have them quote your automobile and home owners insurance rates!