The Minimum Insurance Requirement For The 10 Most Populated States

minimum-insurance-requirementsAre you shopping for car insurance? It is important to know the terminology. The first time I went searching for an auto insurance policy the insurance agent asked me what I wanted the amount to be for bodily injury liability and property damage liability. I am pretty sure my response was, “huh??” I had no clue what he was referring to, so I just told him to give me the best coverage possible. While my response guarantees the best coverage, it is definitely not what the state requires and it also might be coverage than you need.

Liability insurance is divided into 3 different numbers (i.e. 10,000/20,000/10,000). The first 2 numbers represent personal injury coverage. The first number, in this case 10,000 is the maximum amount covered per person. The second number, 20,000, equals the maximum amount per accident. The third and final number, 10,000, is the property damage coverage.

When you purchase liability insurance, there is a minimum amount required by your state. If you choose, you can get additional coverage. Here is the minimum liability coverage required for 10 most populated states:

California: 15,000/30,000/5,000
Texas: 20,000/40,000/15,000
New York: 25,000/50,000/10,000
Florida: 10,000/20,000/10,000
Illinois: 20,000/40,000/15,000
Pennsylvania: 15,000/30,000/5,000
Ohio: 12,500/25,000/7,500
Michigan: 20,000/40,000/10,000
Georgia: 15,000/ 30,000/10,000
North Carolina: 30,000/60,000/25,000

3 Responses to “The Minimum Insurance Requirement For The 10 Most Populated States”

  1. […] days, automobile insurance has become not just a necessity, but a requirement. All states have different requirements and you need to understand what you’re looking at before you can make an informed decision on the […]

  2. […] States do have their minimum amount requirement for insurance, however; that amount is generally considered insufficient to cover realistic damages that occur in an accident, both bodily injury and property damage. Insurance companies are more inclined to suggest more complete coverage of 100/300/100. meaning; 100,000, 300,000 and 100,000. […]

  3. […] California has long been known for inflated premiums in comparison to many other states. As an example, insurance companies based their rates on zip codes, having a large variation for the same driver in different zip codes. The SR-22 is no different, The if you were unfortunate enough to let your insurance lapse and needed an SR-22, then you have experienced the long years of higher premiums coupled with the fact that your insurance company has not only the ability but the responsibility of informing the state if you lapse at any time for any length of time on your premiums. […]

Leave a Reply