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What is the minimum amount of insurance coverage you can have?

Anonymous

∙ 15y ago

Updated: 9/16/2023

This depends on the state you live in. In some states it is 15/30/5. In other states it is more. You should check the DMV's website for the state you live in or check with a local insurance agent.

Wiki User

∙ 15y ago

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Related Questions

What is the minimum amount of liability insurance coverage required?

The minimum amount of liability insurance coverage required (in California) is: 15/30/5. 15/30/5

What is the difference between minimum and full coverage with auto insurance?

Minimum coverage is the minimum amount of insurance required by law. Full coverage is the full package from the insurer, insuring everything they offer to cover.

What is the minimum amount of insurance coverage needed on a motorcycle?

For most states the minimum amount of insurance coverage that you need to carry on a motorcylce is around $5,000. This can vary from state to state though so be sure to contact your insurance agent.

What is franchise in insurance?

A minimum amount of loss that must be incurred before insurance coverage applies

What are the minimum coverage amounts for general auto insurance?

The minimum coverage amount is $10,000. It depends on where you live and what company you use. I suggest you get good coverage though because you never know.

What is the minimum homeowners insurance coverage required for my property?

The minimum homeowners insurance coverage required for your property typically includes dwelling coverage, liability coverage, and personal property coverage. The specific amount of coverage needed can vary depending on factors such as the value of your home and belongings, as well as any lender requirements. It is important to consult with an insurance agent to determine the appropriate level of coverage for your specific situation.

California law the minimum amount of insurance coverage drivers must carry is?

15/30/5.

How much car insurance do you need to drive in MN?

Minnesota is a state that requires a minimum of liability insurance. The minimum amount of coverage allowed to drive in Minnesota is 30/60/10.

Car Insurance Coverage by Category?

When comparing insurance before deciding which policy to purchase, drivers should consider the coverage amount in relation to the price. Car insurance has separate coverage limits for bodily injury liability and property damage that directly affect policy price. These coverage limits could be adjusted independently of each other in order for drivers to discover levels of coverage they are comfortable with at prices they can afford. Car insurance providers usually set the minimum amount of coverage available for each category at or above the minimum amount required for drivers to be in compliance with state laws.

Financial responsibility of California law the minimum amount of insurance coverage drivers must carry is?

$15,000, $30,000, $5,000

Why would someone choose to pay for more than the minimum amount of insurance coverage?

Paying for more than the minimum amount of insurance coverage can provide greater financial protection in case of unexpected events, such as accidents or disasters. It can help cover higher costs and provide more comprehensive coverage, giving peace of mind and potentially reducing out-of-pocket expenses in the long run.

What term refers to the amount you or your employer pays in exchange for insurance coverage?

The premium is the dollar amount paid in exchange for insurance coverage.

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