Drivers are required to have
minimum liability coverage of $ 20,000 for individual bodily injury, $ 40,000 for all injuries in an accident and $ 5,000 for property damage per accident.
Minimum liability coverage limit requirements vary state by state, so if you are unsure of your state's requirements, check with your local insurance agent or your state's department of insurance.
High - risk drivers end up paying expensive insurance rates, as majority of today's insurers won't allow you to drive
with minimum liability coverage only.
Many states require uninsured or underinsured insurance, and every state requires
minimum liability coverage if the vehicle is driven on the road.
Generally, it's recommended to have
minimum liability coverage of up to $ 25,000 for an individual injured, $ 50,000 for all person's injured and $ 25,000 for property damage.
Aside from the required
minimum liability coverage required, you should consider that the minimum liability insurance required might be insufficient to cover you if someone sues you.
Sample car insurance rates assume the drivers are a 40 year old married couple who owns their vehicle, has excellent credit, and opts for
minimum liability coverage as required by the state of Washington.
Kansas state law requires that all drivers in the state
purchase minimum liability coverage limits of $ 25,000 against bodily injury to others, $ 50,000 in per - accident coverage, and $ 25,000 to cover the cost of property damage.
Mandatory Liability Insurance Must be Affordable Many low - income Americans are caught in a Catch - 22 situation: they can't afford mandatory
minimum liability coverage on the car they need to get to and from work.
If using this method, Iowa drivers must
buy minimum liability coverage of $ 20,000 per person and $ 40,000 per accident for bodily injury liability and $ 15,000 of property damage liability.
Knowing the facts
about minimum liability coverage, penalties for uninsured drivers, average annual premium rates, auto insurance carriers, driver demographics, special discounts, and how to get free quotes online and by phone will help you build an optimal, custom made auto insurance policy at the lowest possible cost.
For example, a Class A semi-truck weighing 10,000 pounds and hauling hazardous materials will require a minimum of coverage requirement of $ 1 million while a truck weighing under 10,000 pounds and carrying general commodities will
need minimum liability coverage of $ 300,000.
The New Jersey Auto
Insurance minimum liability coverage for a basic policy is $ 15,000 for bodily injury per person, $ 10,000 for all bodily injuries, and $ 5,000 for damage to property.
In addition, because your vehicle is financed by your creditor, you might have to pay higher premiums — this is a result of the
higher minimum liability coverage you have to apply for when you buy your auto insurance for your automobile.
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