What are the minimum state standards for insurance

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What is the state minimum auto insurance?

California requires drivers to carry at least the following auto insurance coverages: Bodily injury liability coverage: $15,000 per person / $30,000 per accident minimum. Property damage liability coverage: $5,000 minimum. … Uninsured motorist property damage coverage¹: $3,500 minimum.

What are the minimum state standards for insurance in Indiana?

The minimum amount of Indiana auto insurance coverage is $25,000/$50,000/$10,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident. It also covers up to $10,000 for damage to another person’s property.

What states require liability insurance?

Auto liability insurance is mandatory in 49 states and the District of Columbia. New Hampshire, the only state that does not require auto liability insurance, requires drivers to show that they are able to provide sufficient funds in the case of an at-fault accident (i.e., financial responsibility).

What is minimum coverage?

Any insurance plan that meets the Affordable Care Act requirement for having health coverage. To avoid the penalty for not having insurance for plans 2018 and earlier, you must be enrolled in a plan that qualifies as minimum essential coverage (sometimes called “qualifying health coverage”).

What is the good driver rule?

The state defines a ‘good driver’ as someone who meets the following criteria: Has had a license for the past three years. Has not lost more than one point on their driving record due to a violation. Has not taken traffic school or a defensive driving course more than once because of a violation.

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What is the lowest level of car insurance?

These are the minimum car insurance limits available when you do decide to purchase insurance: $25,000 bodily injury liability per person. $50,000 bodily injury liability per accident. $25,000 property damage liability per accident.

What is the minimum insurance you must have in Indiana for bodily injury?

Minimum liability limits are: Uninsured Motorists: Bodily Injury: $25,000/$50,000. Property Damage: $25,000. Under insured Motorists: Bodily Injury: $50,000.

Is Indiana a no fault car insurance state?

In fact, Indiana is not a no-fault state and instead observes a doctrine of “comparative fault.” This puts a different wrinkle in car accident claims, which can cut into the amount of compensation you receive if your case is not handled correctly.

Does insurance follow the car or driver in Indiana?

Anamarie Waite, Car Insurance Writer. Car insurance usually follows the car in Indiana. The types of car insurance that follow the car in Indiana are bodily injury liability, personal injury liability, collision, and comprehensive.

What happens if you don’t have uninsured motorist coverage?

If you have uninsured motorist insurance coverage, your insurance company steps into the shoes of the at-fault driver. … If you do not have underinsured motorist insurance coverage, you are responsible for paying medical bills and other expenses that exceed the other driver’s policy limits.

Which state has the most uninsured motorists?


Do I need uninsured/underinsured coverage?

The main reasons to buy uninsured motorist coverage: because it’s required, either by law for by your vehicle lease or finance company, and because it offers you more protection if you’re hit by an uninsured motorist than any other coverage can offer.

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What is the best car insurance coverage to have?

State minimum-coverage limits are too low to protect the assets of most motorists. Unless your income and assets are minimal, buy at least $100,000 per person, $300,000 per accident. Property damage: Property-damage liability covers repair or replacement of other people’s cars and property.

What does 25k 50k 25k mean?

The first number 25 stands for $25,000. This is you maximum coverage for bodily injury liability for one person injured in one accident or incident. The second one number 50 stands for $50,000. … This is your maximum coverage for property damage liability in an accident that you caused.

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