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.

auto insurance comparison

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.

You should probably be aware that every state requires you to have liability insurance.

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.

auto insurance comparison