What does the basic policy include for car insurance?
While different states mandate different types of insurance and there are several additional options (such as gap insurance) available, most basic auto policies consist of: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive and uninsured/underinsured motorist.
What are the rules of 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 bodily injury coverage¹: $15,000 per person / $30,000 per accident minimum.
What are the 3 limits in a typical auto insurance policy?
Auto liability coverage limits are typically written out as three numbers like 25/50/25. That means you have a $25,000 limit per person for Bodily Injury in an accident, a $50,000 total limit per accident for Bodily Injury, and a $25,000 limit per accident for Property Damage.
What are the common terms of car insurance?
Six common car insurance coverage options are: auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage and personal injury protection.
Is basic insurance full coverage?
However, most basic car insurance includes liability protection. In fact, most states require a certain limit for these policies. They may also want you to have uninsured/underinsured protection and comprehensive coverage. To make sure you get full protection, you’ll want to talk with your insurance provider.
What are good limits for auto insurance?
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. State minimum limits average about $15,000.
What is the most basic car insurance coverage?
Generally, the six basic car insurance coverages you’ll need are:
- Bodily Injury Liability Coverage.
- Property Damage Liability Coverage.
- Medical Payments or Personal Injury Protection (PIP) Coverage.
- Comprehensive Coverage.
- Collision Coverage.
- Uninsured/Underinsured Motorist Coverage.
What does P&C stand for in insurance?
Property insurance and casualty insurance
Property insurance and casualty insurance (also known as P&C insurance) are types of coverage that help protect you and the property you own. Property insurance helps cover stuff you own like your home or your car.