How Much Auto Insurance Do You Need?
You may be
wondering how to get the minimum insurance coverage that is required by the law
in your state. But you may not know if it will protect you or your assets if
you are at fault in an accident.
Before
answering this question, and according to a recent estimate from the Insurance
Research Council, one of every seven U.S drivers on the road has no automobile
insurance and that the three states with the highest percentage of uninsured
drivers were New Mexico, Florida and Mississippi. With that big number of
people driving without any coverage, to be insured become more important. So
how much auto insurance do you need to have?
If you are
thinking like many people, you might want to get the minimum insurance coverage
required by law in your state. But the problem is that it might not fully
protect you in case of accidents, so we recommend you to carry more than the
minimum unless you are driving an old car wish has a little value.
To make
things more clear and easier we represents you the chart below that shows
minimum liability limits.
For example
the first state in the chart which is Alaska, the minimum requirements are
50,000$ of bodily injury liability for one person, 100,000$ bodily injury
liability for all people in an accident and 25,000$ property damage liability
State
|
Liability limits
|
Uninsured/Underinsured
motorist
Coverage
required?
|
Alaska
|
50/100/25
|
No
|
Arizona
|
15/30/10
|
No
|
Arkansas
|
25/50/25
|
No
|
California
|
15/30/5
|
No
|
Colorado
|
25/50/15
|
No
|
Connecticut
|
20/40/10
|
Yes
|
Delaware
|
15/30/10
|
No
|
D.C. |
25/50/10
|
Yes
|
Florida
|
10/20/10
|
No
|
Georgia
|
25/50/25
|
No
|
Hawaii
|
20/40/10
|
No
|
Idaho
|
25/50/15
|
No
|
Illinois
|
20/40/15
|
Yes
|
Indiana
|
25/50/10
|
No
|
Iowa
|
20/40/15
|
No
|
Kansas
|
25/50/10
|
Yes
|
Kentucky
|
25/50/10
|
No
|
Louisiana
|
15/30/25
|
No
|
Maine
|
50/100/25
|
Yes
|
Maryland
|
30/60/15
|
Yes
|
Massachusetts
|
20/40/5
|
Yes
|
Michigan
|
20/40/10
|
No
|
Minnesota
|
30/60/10
|
Yes
|
Mississippi
|
25/50/25
|
No
|
Missouri
|
25/50/10
|
Yes
|
Montana
|
25/50/10
|
No
|
Nebraska
|
25/50/25
|
No
|
Nevada
|
15/30/10
|
No
|
New Hampshire
|
Not required. If elected: 25/50/25
|
Yes
|
New Jersey
|
15/30/5
|
Yes
|
New Mexico
|
25/50/10
|
No
|
New York
|
25/50/10
|
Yes
|
North Carolina
|
30/60/25
|
Yes
|
North Dakota
|
25/50/25
|
Yes
|
Ohio
|
12.5/25/7.5
|
No
|
Oklahoma
|
25/50/25
|
No
|
Oregon
|
25/50/20
|
Yes
|
Pennsylvania
|
15/30/5
|
No
|
Rhode Island
|
25/50/25
|
No
|
South Carolina
|
25/50/25
|
No
|
South Dakota
|
25/50/25
|
Yes
|
Tennessee
|
25/50/15
|
No
|
Texas
|
30/60/25
|
No
|
Utah
|
25/65/15
|
No
|
Vermont
|
25/50/10
|
Yes
|
Virginia
|
25/50/20
|
Yes
|
Washington
|
25/50/10
|
No
|
West Virginia
|
20/40/10
|
Yes
|
Wisconsin
|
25/50/10
|
Yes
|
Wyoming
|
25/50/20
|
No
|
There is another type of coverage which is called
Personal injury protection PIP in most of the states they pay for your own
medical expenses and whatever other costs when you are injured in an accident
it can go to 80% of you losses.
Besides all this forms of liability insurance, there
is also other forms knowing as collision and comprehensive auto insurance
coverage, these forms are often required in most lease contracts and are
important if you have an expensive car, collision insurance can cover damage to
the policyholder’s car resulting from running into anything and comprehensive
coverage can cover your car in case of theft, fire, falling objects, explosions
or other unexpected problems.
So before purchasing any form of auto insurance
coverage, be sure to study your other insurance policies so you don’t end up
paying for something you don’t need, and always keep in mind that your auto
insurance will at some point came to your rescue when the troubles strikes.
