Auto insurance » Bodily Injury Liability

What Are The Auto Liability Insurance State Minimums For My State?

admin — Wed, 20 Jan 2010 23:28:12 +0000

As you shop online for the best auto insurance deals you may begin to ask yourself what exactly is required by law when it comes to auto insurance. Fortunately this article outlines the auto liability insurance state minimums that you are required to have in order to legally drive in the United States. No matter what state you drive in all of them have financial responsibility laws and require motorists to purchase minimum amounts of auto liability insurance except for Tennessee, Wisconsin and New Hampshire.

Many websites and advocates of insurance (to include myself) recommend having a minimum of $100,000 for bodily injury protection per person and at least $300,000 for property damage costs and physical injury costs. The main reason for this is due to the increased amount of money needed to rectify an accident is usually more then what the states declare as the minimum amount of insurance coverage needed.

I have compiled the following information from the American Insurance Association, the Property Casualty Insurers Association, and the Insurance Information Institute. It shows the auto liability insurance state minimums as required by each state. In order to understand the numbers you must know what the mean. The first two numbers are for bodily injury liability and the third number represents the minimum amount of property damage liability.

As an example my home state of Missouri shows the following – Missouri 25/50/10. This means Missouri requires as a minimum coverage up to $50,000 for all persons injured in an accident, subject to a limit of $25,000 for one individual, and $10,000 coverage for property damage.

Alabama 20/40/10 Alaska 50/100/25 Arizona 15/30/10 Arkansas 25/50/25
California 15/30/5 Colorado 25/50/15 Connecticut 20/40/10 Delaware 15/30/5
D.C. 25/50/10 Florida 10/20/10 Georgia 25/50/25 Hawaii 20/40/10
Idaho 25/50/15 Illinois 20/40/15 Indiana 25/50/10 Iowa 20/40/15
Kansas 25/50/10 Kentucky 25/50/10 Louisiana 10/20/10 Maine 50/100/25
Maryland 20/40/15 Massachusetts 20/40/5 Michigan 20/40/10 Minnesota 30/60/10
Mississippi 10/20/05 Missouri 25/50/10 Montana 25/50/10 Nebraska 25/50/25
Nevada 15/30/10 New Hampshire 25/50/25 New Jersey 15/30/5 New Mexico 25/50/10 New York 25/50/10 North Carolina 30/60/25 North Dakota 25/50/25 Ohio 12.5/25/7.5
Oklahoma 10/20/10 Oregon 25/50/10 Pennsylvania 15/30/5 Rhode Island 25/50/25
South Carolina 15/30/10 South Dakota 25/50/25 Tennessee 25/50/10 Texas 20/40/15
Utah 25/50/15 Vermont 25/50/10 Virginia 25/50/20 Washington 25/50/10
West Virginia 20/40/10 Wisconsin 25/50/10 Wyoming 25/50/20

Remember these figures only represent auto insurance liability state minimums. Many experts agree that more insurance is needed in order to fully protect yourself in the event you’re involved in an automobile accident.

By: Tim Gorman

How To Get Low Cost Auto Insurance In Tampa Florida

admin — Tue, 12 Jan 2010 14:02:21 +0000

Looking for low cost auto insurance in Tampa Florida? Want to know how to get the cheapest rate with a top company? Read on …

Minimum Auto Insurance in Tampa Florida

The least amount of auto insurance you’re required to carry in Tampa Florida is:

$10,000 bodily injury liability coverage for one person – This is the maximum amount your insurance will pay when you injure or kill someone in an auto accident. It also covers people driving your car with your permission.

$20,000 bodily injury liability coverage for everyone – This is the maximum amount your insurance will pay for everyone you injure or kill in an auto accident.

$10,000 property damage liability coverage – This is the maximum amount your insurance will pay when you damage someone else’s vehicle in an auto accident. .

Personal Injury Protection – This coverage pays your medical expenses and your passengers medical expenses when you’re involved in an accident. It also pays you and your family’s medical expenses when you’re injured in someone else’s car or while walking.

These are the minimum amounts of insurance you need to carry in Tampa Florida, so if you want the cheapest insurance this is all you need to buy. However, you may also want to carry the following coverages:

Collision coverage – Pays for repairs to your car when it’s involved in an accident with another vehicle no matter who was at fault.

Comprehensive coverage – Pays for repairs to your car caused by fire, theft, vandalism, and acts of nature.

To save money on collision and comprehensive coverage, increase your deductible to an amount you can afford to pay if you were to file a claim

Low Cost Auto Insurance in Tampa Florida

Premiums for the same insurance coverage can vary significantly from one company to the next, so in order to get the best rate on your auto insurance you need to compare rates from different companies. The easiest way to do this is to go to an online comparison website. There you can get rate quotes from A-rated companies and even get answers to your insurance questions from insurance experts.

By: Brian Stevens

Auto Insurance Policy Coverage Basics

admin — Thu, 07 Jan 2010 05:05:28 +0000

While most people think of insurance as either being “full coverage” or “liability only” I thought it would be a good idea to lay out a basic outline of what options are available with an Arizona Auto Insurance Policy. Insurance is regulated by each state so if you’re outside of Arizona these may be different.

Liability Coverage – You have two types of liability coverage: Bodily Injury Liability and Property Damage Liability. Bodily Injury Liability pays for damages to other people you injure when you’re at-fault for an accident. It will not pay for your damages. Property Damage Liability will pay to repair the things you hit like cars, lightpoles and other people’s personal property. This is the only coverage required by the state of Arizona and the minimum required limits are $15,000 per person/$30,000 per accident of Bodily Injury Liability coverage and $10,000 for Property Damage Liability coverage.

Uninsured and Under-insured Motorist Liability Coverage – Unlike many other states, Arizona breaks these coverage options into two separate options Uninsured and Under-insured. One of the coverages would pay damages to you or your passengers if you’re hit by someone that didn’t have any Bodily Injury Liability coverage (uninsured motorist) or if they didn’t have enough Bodily Injury Liability coverage (under-insured motorist) to pay for your injuries. This coverage does NOT pay for any damages to your vehicles and is not required by Arizona law.

Medical Payments – This coverage option will pay for medical bills only regardless of fault or reason as long as it’s an auto related claim. If someone is injured getting in or out of your vehicle this could pay for medical bills they incur. In Arizona, it can also pay a death benefit if you or a passenger is killed in a covered claim.

Collision Coverage – This coverage basically pays for damage to your vehicle for any collision claim if it’s your fault or not. If you hit another car, another car hits you, or you drive into a toolbox in the middle of the road, it would be covered under your Collision coverage option and would be paid minus your deductible.

Comprehensive Coverage – This basically pays for damage to your vehicle for anything other than a collision. So, if a tree falls on your car, or it gets vandalized or stolen, it would be covered under your Comprehensive coverage option. Claims would be paid by the insurance company minus your deductible. You also have the option to purchase a waiver your deductible for glass only losses.

These are the key components that make up the basic coverage options available to you on an Arizona Auto Insurance Policy. If you’re coming from another state, remember Arizona breaks out Uninsured and Under-insured Motorist Coverage into two separate coverages and does not offer Personal Injury Protection coverage. Keep that in mind when getting quotes.

Last, this is a very simple, plain English explanation of the policy and you should always contact your agent for all coverage details and make sure you’re covered correctly.

By: Matthew Fox

Auto insurance news guide

admin — Wed, 06 Jan 2010 11:59:59 +0000

Auto insurance is another name for security of your vehicle. As the name suggests auto insurance is all about insuring one’s vehicle against all kinds of threats for instance theft, accident and other related dangers. The basic types of auto insurance coverage are -

1. Bodily injury liability, which provides coverage for bodily injury claims from the people who might get injured in an accident with your vehicle.

2. Property damage liability covers any property damages to third parties such as another person’s car you damaged or are responsible for.

3. Medical expenses to the policy owner and other passengers in the policy owner’s car.

4. Uninsured and underinsured motorist coverage saves the negligent driver with or without insufficient insurance. In most states, this covers only bodily injury losses while in other cases property damage losses are also included. However it is quite important for everyone to get this coverage because it protects us from all expected as well as uninvited problems. For instance at some places an uninsured motorist caught driving with a suspended license in a car with a revoked registration goes to jail.

5. Physical damage stands for damage to your car that can be through accident or any other means such as collision, storm etc. In this the collision coverage pays for the physical damage caused to a person’s vehicle through collision.

However prior to purchasing an auto insurance policy there are quite a few things, which should be borne in mind. For instance- shop for the best policy available, always ask for high deductibles, check the insurance of the car or any other vehicle prior to purchasing it, coverage of the car varies with its worth, the profile of the company through which you will buy the insurance and last but not the least go with a low cost auto insurance for instance at places such as Santa Clara, San Marino Mateo and Alameda counties low cost auto insurance has arrived at premium rate of $322 and $355 respectively.

Whereas the auto insurance rates are concerned the American Farm Bureau suggests that the insurance rates for a driver should be based on the risk of that the driver should be based on the risk that the driver confronts for having an accident or loss and since rural drivers in the rural areas are less prone to risks, they should not be asked to pay more for their auto insurance.

In California there is a debate over the auto insurance policy rates. While on the one hand due to the rules offered by California Department of Insurance the rates of auto insurance are expected to touch the sky, on the other hand the California Farm Bureau strongly opposes it and claims that the new rates presses rural residents to shell out more money in order to subsidize the cost for urban residents.

However nowadays auto insurance companies are troubled with excess of crime or fraud in this area. Lately in North Carolina thirteen people were arrested accused of staging motorcycle wrecks to collect insurance money. Many such cases are reported in other parts of the world. As a result the government of different countries is looking for ways and means to combat the crime situation.

By: Mansi Aggarwal