Sentences with phrase «than the states minimum liability»

So, if you live in a rough neighborhood you may want some extra and security but if not you may not need more than the state minimum liability coverage.

Not exact matches

However, beneath the rhetorically charged terms such as «get - rich scheme,» «double - dipping, «tax shelter,» and «tax loophole,» is a rather boring reality: under certain conditions, some taxpayers subject to the Alternative Minimum Tax can reduce their federal tax liability by a larger amount if they make a charitable donation rather than paying their state taxes.

Arkansas is one state that requires a minimum $ 50,000 liability per occurrence for all personal watercrafts and motorboats powered by engines of more than 50 horsepower.

@BrianHall: To be clear, the numbers you give are in line with many state minimums for liability coverage, but most car insurance companies do push higher coverage limits (commonly 250K / 500K / 100K for per person / per incident person cap / per incident property damage), and the incremental cost of the higher coverage is often much less than the cost of the basic coverage (it's not paid out often, and electing it demonstrates responsibility, which they like in their insured).

Commercial vehicles must also carry a minimum amount of liability coverage, which is established by state regulations and the Federal Motor Carrier Safety Administration (FMCSA) and is higher than for personal vehicles.

If you choose to buy liability coverage that is higher than the state minimum of 25/50/25 — a good idea, we think — you no longer have the option of declining uninsured and underinsured motorist bodily injury coverage.

If you want the minimum coverage required by your state, your quote will be less expensive than it would be if you wanted higher limits of liability with added comprehensive and collision coverage.

The more coverage you have the less likely you are to run into this issue, which is why most agents recommend liability limits at least one step higher than the minimum required to be legal in your state.

In most states, minimum insurance laws require that drivers only purchase liability coverage, rather than a more comprehensive policy.

If your RV is drivable, rather than some of the towed camper models, Maryland state law requires you to carry minimum liability insurance on it.

(Three notes: The minimums required still vary by state and we didn't include New Hampshire, because even though it doesn't mandate insurance, you have to buy more than just liability coverage if you choose to buy insurance.

Many drivers in the state choose to carry more than the minimum levels of liability coverage, because more serious car accidents can result in damages far exceeding the state - mandated coverage thresholds.

To get more extensive RV liability insurance than the minimums required in your state, talk to your Trusted Choice member agent.

The state of Hawaii advises that its residents carry more than minimum coverage to pay for damages as the costs of doctor's bills and repairs can surpass the minimum liability mandated by the state.

Each state's car insurance laws also come into play, as some state minimum liability requirements are much lower than others.

Note that these amounts are higher — double in some cases — than the minimum liability requirements of many other states.

[9] Typically, the payout is not more than the minimum liability limits and the negligent driver remains responsible for reimbursing the state's fund.

Arkansas is one state that requires a minimum $ 50,000 liability per occurrence for all personal watercrafts and motorboats powered by engines of more than 50 horsepower.

Here's why you don't want to skimp on liability to pinch a few pennies: The cost of a car accident can be much higher than what your insurance will pay out if you have only the minimum coverage mandated by state law.

You'll see in the chart below that hiking your coverage to liability limits of $ 50,000 per person ($ 100,000 per accident), and $ 50,000 for property damage costs less than the lower state minimum limits.

The state of Nevada has minimum requirements for coverage, but many drivers choose to include more than the minimum for liability insurance because so many accidents end up costing mush more than what state - minimum coverage can pay for.

Most new cars are worth more than the state's property damage liability minimum of $ 20,000, so you risk a personal lawsuit if you happen to hit something that just came off the showroom floor.

You'll see below that hiking your coverage to liability limits of $ 50,000 per person ($ 100,000 per accident), and $ 50,000 for property damage costs less than the lower state minimum limits.That's because in some instances insurance companies take into account the amount of coverage you had prior to buying or renewing your policy.

If you are driving in a state that requires lower liability limits than your home state (like the reverse of the scenario just mentioned), your insurance policy will not decrease to meet that state minimum but rather provide the maximum coverage on your policy even if it is more than what the state you're visiting requires.

You can not buy less than your state's minimum required by law, but you can buy higher liability limits.

And while drivers must have liability car insurance with minimum required limits in almost every state, it's often a good idea for drivers to purchase more coverage than the law requires.

Many Keystone drivers carry much more than the minimum state - allowed level of coverage because in most car accidents, those minimums are not enough to handle the liability involved for the at - fault driver, especially when serious injuries are added to the equation.

Unlike the SR - 22, which only requires that drivers meet the minimum amount of required car insurance, the FR - 44 requires that liability coverage limits are substantially greater than state minimums.

* Alaska's state minimum liability coverage: $ 50,000 bodily injury coverage per person / $ 100,000 bodily injury coverage per accident / $ 25,000 property damage coverage per accident ** Comprehensive coverage pays to repair damage to your car that's caused by something other than a collision, like: fire, theft, vandalism, hail, flood, or hitting an animal (something to think about in Alaska!)

What's interesting to note is that at $ 25,000, Georgia's minimum liability property damage per accident is much higher than other states — 31 states require only $ 5,000 — $ 20,000 in minimum liability coverage per accident.

In general, auto insurances for leased vehicles require you to purchase more than the minimum liability coverage legislated by your state.

State laws dictate how much liability coverage is required, but it's always possible to get more than the minimum coverage.

Like any other state, Alaska requires its drivers to carry a minimum amount of liability protection and even though the state's insurance rates are higher than average.

Let's say you carry $ 100,000 of bodily injury liability insurance under your auto insurance policy (much more than the minimum requirement in most states).

The minimum car insurance requirements are a little different in North Dakota than they are in other states because, in addition to liability coverage, the state also requires uninsured motorist coverage, underinsured motorist coverage, and basic no - fault coverage (also known as personal injury protection or PIP).

If your RV is driven, rather than towed, behind your vehicle, Arkansas state law requires you to carry minimum liability insurance on it.

It is important to note that many lenders will require far more extensive coverage for vehicles that are not paid off, and that most experts recommend much higher limits (even for those who want only liability coverage) than the minimums set by the state.

For those of us who carry more than the state mandated minimums for liability auto insurance in the states where we live, an absolutely effective method for getting those prices down is to drop down to minimum coverage.

The mandatory minimum liability coverage for the state isn't that much higher than those of other states around the U.S., and required coverage for property damage is a low $ 5,000, but Massachusetts auto policies still get pricey.

North Dakota state law stipulates that if your RV is driven, rather than towed behind your vehicle, you must carry minimum liability insurance on it.

Alaska state law may have more exemptions to its mandatory liability insurance requirements than any other state, but in many cities and towns, it is necessary to carry minimum standards in motorcycle insurance, which includes:

Maryland House Bill 526 would require twice convicted drunk drivers in the state to carry much higher auto liability limits than the minimums mandated by state law.

If you chose to purchase only the minimum state - mandated level of auto liability coverage you could buy to get your car out on the road legally and get yourself a license plate, you would clearly pay a great deal less than you would to cover your vehicle with comprehensive, collision and uninsured / underinsured motorist coverage.

Insuring commercial vehicles can be more expensive than purchasing personal auto insurance, and commercial vehicle insurance requirements vary by state; however, meeting at least your state's minimum liability requirements protects you, your employees, and your business.

A Colorado driver purchasing a state minimum liability split limit policy will spend less than that same driver would to get a single limit policy with the same minimum coverage limit.

It is always a good idea to purchase liability coverage in amounts that are much higher than the state's required car insurance minimums.

An alternative to an SR - 22 is an FR - 44, which goes further than the SR - 22 by requiring drivers to carry liability coverage higher than the state's minimum coverage requirements.