The Minimum Insurance Requirement For The 10 Most Populated States
Are 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