Auto Insurance Liability Coverage Limits
For this type of coverage you must normally have your car and homeowners insurance policy with the same insurance company and carry high limits such as 300000 for homeowners and 100250 or 250500 for bodily injury liability for car insurance.
Auto insurance liability coverage limits. When it comes time to calculate how much coverage is right for a given person or household the decision can be confusing and difficult. 10000 property damage liability per accident 15 10000 property damage liability per accident. When looking at your auto insurance coverage limits you may see something like 250000500000250000 or 250500250 for your liability coverage. Car insurance coverage limits are maximum amounts of money that your car insurance will pay out if you make a claim.
10000 personal injury protection 16. Insurance experts generally recommended that you purchase 100300 limits of bodily injury liability meaning 100000 for one person in an accident and 300000 for all people injured in one. Financial protection for a driver who while operating a vehicle harms someone else or their property. State minimums can be around 200 while maximums can be 700.
50000 uninsuredunderinsured motorist coverage per accident 14 25000 bodily injury or death per person. Automobile liability insurance only covers injuries or. Minimum limits if driver purchases car insurance which is optional 25000 bodily injury liability per person 50000 bodily injury liability per accident 25000 property damage liability per. No matter what kind of car you drive liability auto insurance is a definite must have.
Some basic steps will help determine car insurance liability limits and define what kind of coverage makes sense for a particular driver or family. For example if the limit on your collision coverage is 20000 that is the most that your policy would pay out for damages to your vehicle after a collision. Auto insurance liability limits vary by state. How does my car insurance coverage break down.
Since liability insurance is cheap compared to other insurance you should max out your liability insurance. If you cause a car accident in other words if you are liable for the accident liability coverage helps pay for the other persons expenses.