Financial Intel Monthly

State-by-State Minimum Coverage Requirements

Jan 31, 2020 2:04:10 PM / by The Retirement Group

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All states (except New Hampshire) have financial responsibility laws that either explicitly or in effect require you to purchase at least some auto insurance. Although coverage requirements vary from state to state, you will typically need to buy some level of liability coverage. Other types of auto insurance coverage may be optional or required, depending on the state in which you live.

Auto insurance coverage: the basics

Auto insurance coverage is typically broken down into separate components:

  • Liability coverage: This provides protection for claims made against an insured, where the use of an insured vehicle caused bodily injury or property damage to someone else
  • Medical payments coverage or personal injury protection: This provides coverage for various medical expenses incurred by the insured and others as a result of an accident, regardless of negligence or liability on the part of the insured
  • Collision coverage: This provides coverage for losses that the insured suffers as a result of damage to his or her covered vehicle caused by a collision
  • Other-than-collision (also known as comprehensive) coverage: This provides coverage for losses that the insured suffers as a result of damage to or loss of a covered vehicle not caused by a collision (e.g., fire, theft, vandalism, falling objects, explosion, earthquake, flood, and civil commotion)
  • Uninsured motorist coverage: This provides coverage for losses that the insured and others sustain when injured through the negligence of an uninsured or unidentified hit-and-run motorist
  • Underinsured motorist coverage: This provides coverage for losses that the insured and others sustain when injured through the negligence of a motorist who has liability insurance, but the limit of that insurance is insufficient to pay for damages

State-by-state minimum coverage requirements

The following table provides up-to-date information on each state's minimum coverage requirements. The first two figures refer to bodily injury liability limits, and the third figure refers to the property damage liability limit. For example, 20/40/10 means coverage up to $20,000 for each person injured in an accident, up to a maximum of $40,000 for the entire accident, and $10,000 worth of coverage for property damage. The state minimums are based on the most current information available. You should check your specific state requirements to verify these figures.


State

Type(s) of Coverage Required

Minimum Liability Limits

Alabama

Bodily Injury and Property Damage Liability

25/50/25

Alaska

Bodily Injury and Property Damage Liability

50/100/25

Arizona

Bodily Injury and Property Damage Liability

15/30/10

Arkansas

Bodily Injury and Property Damage Liability

25/50/25

California

Bodily Injury and Property Damage Liability

15/30/5

Colorado

Bodily Injury and Property Damage Liability

25/50/15

Connecticut

Bodily Injury and Property Damage Liability, Uninsured/Underinsured Motorist

25/50/25

Delaware

Bodily Injury and Property Damage Liability, Personal Injury Protection

25/50/10

DC

Bodily Injury and Property Damage Liability, Uninsured Motorist

25/50/10

Florida

Property Damage Liability, Personal Injury Protection

10/20/10

Georgia

Bodily Injury and Property Damage Liability

25/50/25

Hawaii

Bodily Injury and Property Damage Liability, Personal Injury Protection

20/40/10

Idaho

Bodily Injury and Property Damage Liability

25/50/15

Illinois

Bodily Injury and Property Damage Liability, Uninsured Motorist

25/50/20

Indiana

Bodily Injury and Property Damage Liability

25/50/25

Iowa

Bodily Injury and Property Damage Liability

20/40/15

Kansas

Bodily Injury and Property Damage Liability, Personal Injury Protection, Uninsured Motorist

25/50/25

Kentucky

Bodily Injury and Property Damage Liability, Personal Injury Protection

25/50/25

Louisiana

Bodily Injury and Property Damage Liability

15/30/25

Maine

Bodily Injury and Property Damage Liability, Uninsured/Underinsured Motorist

50/100/25

Maryland

Bodily Injury and Property Damage Liability, Personal Injury Protection, Uninsured Motorist

30/60/15

Massachusetts

Bodily Injury and Property Damage Liability, Personal Injury Protection, Uninsured Motorist

20/40/5

Michigan

Bodily Injury and Property Damage Liability, Personal Injury Protection

20/40/10

Minnesota

Bodily Injury and Property Damage Liability, Personal Injury Protection, Uninsured/Underinsured Motorist

30/60/10

Mississippi

Bodily Injury and Property Damage Liability

25/50/25

Missouri

Bodily Injury and Property Damage Liability, Uninsured Motorist

25/50/10

Montana

Bodily Injury and Property Damage Liability

25/50/20

Nebraska

Bodily Injury and Property Damage Liability

25/50/25

Nevada

Bodily Injury and Property Damage Liability

25/50/20

New Hampshire*

Financial Responsibility Only, Uninsured Motorist

25/50/25

New Jersey

Bodily Injury and Property Damage Liability (Standard Limits Shown), Personal Injury Protection, Uninsured Motorist

15/30/5

New Mexico

Bodily Injury and Property Damage Liability

25/50/10

New York

Bodily Injury and Property Damage Liability, Personal Injury Protection, Uninsured Motorist

25/50/10

North Carolina

Bodily Injury and Property Damage Liability

30/60/25

North Dakota

Bodily Injury and Property Damage Liability, Personal Injury Protection, Uninsured Motorist

25/50/25

Ohio

Bodily Injury and Property Damage Liability

25/50/25

Oklahoma

Bodily Injury and Property Damage Liability

25/50/25

Oregon

Bodily Injury and Property Damage Liability, Personal Injury Protection, Uninsured Motorist

25/50/20

Pennsylvania

Bodily Injury and Property Damage Liability, Personal Injury Protection

15/30/5

Rhode Island

Bodily Injury and Property Damage Liability, Uninsured Motorist

25/50/25

South Carolina

Bodily Injury and Property Damage Liability, Uninsured Motorist

25/50/25

South Dakota

Bodily Injury and Property Damage Liability, Uninsured Motorist

25/50/25

Tennessee

Bodily Injury and Property Damage Liability

25/50/15

Texas

Bodily Injury and Property Damage Liability

30/60/25

Utah

Bodily Injury and Property Damage Liability, Personal Injury Protection

25/65/15

Vermont

Bodily Injury and Property Damage Liability, Uninsured/Underinsured Motorist

25/50/10

Virginia**

Bodily Injury and Property Damage Liability, Uninsured Motorist

25/50/20

Washington

Bodily Injury and Property Damage Liability

25/50/10

West Virginia

Bodily Injury and Property Damage Liability, Uninsured Motorist

25/50/25

Wisconsin

Financial Responsibility Only, Uninsured Motorist

25/50/10

Wyoming

Bodily Injury and Property Damage Liability

25/50/20

*New Hampshire has no mandatory insurance law. However, the New Hampshire Division of Motor Vehicles may require that persons have insurance under certain circumstances.

**Residents of Virginia may pay $500 Uninsured Motor Vehicle fee at the time of registration rather than purchase liability motor vehicle insurance coverage.

Is the minimum coverage required enough coverage?

Keep in mind that the figures given in the preceding table represent only required minimums. In many cases, it will be in your best interest to purchase coverage above and beyond the minimums (including collision and other than collision) so that you're adequately protected. With bodily injury liability, for instance, most insurance professionals recommend that your coverage limits be at least $100,000 per person and $300,000 per accident.

 

This material was prepared by Broadridge Investor Communication Solutions, Inc., and does not necessarily represent the views of The Retirement Group or FSC Financial Corp. This information should not be construed as investment advice. Neither the named Representatives nor Broker/Dealer gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If other expert assistance is needed, the reader is advised to engage the services of a competent professional. Please consult your Financial Advisor for further information or call 800-900-5867.

The Retirement Group is not affiliated with nor endorsed by fidelity.com, netbenefits.fidelity.com, hewitt.com, resources.hewitt.com, access.att.com, ING Retirement, AT&T, Qwest, Chevron, Hughes, Northrop Grumman, Raytheon, ExxonMobil, Glaxosmithkline, Merck, Pfizer, Verizon, Bank of America, Alcatel-Lucent or by your employer. We are an independent financial advisory group that specializes in transition planning and lump sum distribution. Please call our office at 800-900-5867 if you have additional questions or need help in the retirement planning process.

The Retirement Group is a Registered Investment Advisor not affiliated with FSC Securities and may be reached at www.theretirementgroup.com.

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