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(1) The first two figures refer to bodily injury liability and the third figure to property damage liability. For example, 20/40/10 means coverage up to $40,000 for all persons injured in an accident, subject to a limit of $20,000 for one individual, and $10,000 coverage for property damage.
(2) Low-cost policy limits for Los Angeles and San Francisco low-income drivers in the California Automobile Assigned Risk Plan are 10/20/3. This is a pilot program effective from July 1, 2000 until January 1, 2007.
(3) Only property damage liability is compulsory.
(4) Liability insurance not compulsory; limits are for financial responsibility.
(5) Drivers may choose a Standard or Basic Policy. Basic Policy limits are 10/10/5.
(6) 50/100 if injury results in death.
(7) Although legally defined as financial responsibility, Tennessee's law is similar to a compulsory law because drivers can be fined if stopped by police or after crashes if they cannot show proof of financial responsibility.
Source: American Insurance Association; Property Casualty Insurerers Association of America; Insurance Information Institute. |
