ARIZONA ECONOMY INSURANCE Throughout my research, I cannot find an origin for this wonderfully ingenious Holiday. However, I have my own, non-educated, theory based on some insurance history. According to dates.abouttravelingtheworld.com the first form of insurance was Marine Insurance. The Chinese started it in 3000 BC. It was sold to cover risks in association with ships and its cargo. Those risks included damage, loss and being robbed by pirates. Here in the United States, Travelers Insurance Company sold the first Auto Policy on the 1st day of February 1898. This is the only piece of information I have to support why we celebrate Car Insurance annually on February 1st. Massachusetts was the first state to pass a law making it mandatory to carry liability car insurance. That was in 1927. In 1995 Progressive Insurance became the first Auto Insurance Company with a website more info : http://carinsurancequotesinformation.blogspot.co.id/