Eritrea Finance

Aug 31 2017

Minimum liability car insurance requirements by state #medical #liability #insurance


#

Minimum liability car insurance requirements by state

To drive legally in nearly every state you must carry liability car insurance. Liability coverage kicks in if you’re at fault for an accident and you hurt someone or damage someone’s property. It has two parts:

  • bodily injury liability (BI), which pays for injuries to others
  • property damage liability (PD), which pays for damage to someone else s car or property

Each state requires you to have a minimum level of liability coverage, though you can buy more to ensure you re fully protected if you cause an accident. In many cases, raising your liability limits is strongly encouraged. Liability insurance is commonly shown in the following format: 20/40/10. The first two numbers refer to bodily injury liability limits and the third number to property damage liability. In this example, 20/40/10 means coverage up to $20,000 for each person injured in an accident, up to a maximum of $40,000 for the entire accident, and $10,000 worth of coverage for property damage.

Liability insurance doesn’t cover your own injuries or damage to your own property.

Start now by finding car insurance companies in your area

CarInsurance.com commissioned Quadrant Information Services to provide a report of average auto insurance rates for a 2016 Honda Accord for nearly every ZIP code in the United States. We calculated rates using data for up to six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) for each state.

Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.

Please, enter the zip code!

Carinsurance.com is a part of the Insurance.com family

Copyright 1995-2017
QuinStreet Insurance Agency, Inc. – Online Insurance Marketplace

Disclaimer: The insurance products on CarInsurance.com are from companies from which QuinStreet may receive compensation. Compensation may impact where products appear on CarInsurance.com (including the order in which they appear). QuinStreet does not include all insurance companies or all types of products available in the marketplace.


Written by admin


Leave a Reply

Your email address will not be published. Required fields are marked *