State Requirements For Auto Insurance
Introduction
Auto insurance is a necessary expense for drivers in the United States. Every state has its own requirements for auto insurance, and it's important to understand what your state requires before you hit the road. In this article, we'll discuss the state requirements for auto insurance in 2023.
Liability Insurance
Liability insurance is the most common type of auto insurance required by states. It covers damages and injuries you may cause to another person or their property. The minimum liability coverage required varies by state, but most require at least $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $20,000 for property damage per accident.
Uninsured/Underinsured Motorist Coverage
Some states require uninsured/underinsured motorist coverage, which protects you if you're in an accident with a driver who doesn't have insurance or doesn't have enough insurance to cover the damages. The minimum coverage required varies by state.
Personal Injury Protection
Personal injury protection (PIP) is required in some states and is optional in others. It covers medical expenses and lost wages if you or your passengers are injured in an accident. The minimum coverage required varies by state.
No-Fault Insurance
Some states have no-fault insurance laws, which require drivers to carry personal injury protection (PIP) coverage. In these states, your insurance company pays for your medical expenses and lost wages regardless of who caused the accident.
Additional Coverage
While liability insurance is the minimum required by most states, it may not be enough to fully protect you in the event of an accident. Consider additional coverage such as collision, comprehensive, and roadside assistance. These coverages vary in cost and are not required by law.
Penalties for Driving Without Insurance
Driving without insurance is illegal in every state. Penalties for driving without insurance vary by state, but can include fines, license suspension, and even jail time.
Conclusion
Understanding your state's requirements for auto insurance is important to ensure you're adequately covered in the event of an accident. Be sure to research your state's requirements and consider additional coverage for added protection.