What do the 3 numbers in auto insurance mean?

The three numbers on car insurance indicate limits of coverage. The numbers represent Bodily Injury per Person/Bodily Injury per Occurrence/Property Damage per Occurrence. Three zeroes should be added to each number to reflect the correct amount of coverage. These coverages are always on a per occurrence basis.

What does each person each accident mean?

The per-person limit applies to each person injured in an accident. That means if one person is injured in a car accident, the most your bodily injury liability would pay for all of their medical expenses is $50,000.

How much bodily injury coverage do I need in California?

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 does a 15 30 policy mean?

15/30/5 liability coverage will pay up to $15,000 of bodily liability damages incurred by pedestrians or people in another vehicle, with a maximum of $30,000 payable in total to all people in any single accident. This is sometimes also called “15/30” insurance.

What does 25 50 15 Mean on an auto insurance policy?

So, for example, if you own a 25/50/15 policy the “25” means that your carrier will pay out up to $25,000 for each person injured in an accident that was your fault. The 25/50/15 policy-holder is covered up to $15,000 for damaged property in an at-fault accident.

What does a 50 100 policy mean?

In a 50/100 policy, only up to $50,000 of bodily injury sustained by a single person injured in an accident would be covered by the policy (and $100,000 total for bodily injury per accident).

What is a 15 30 policy?

How much auto insurance do I really need?

To legally drive in Alberta, everyone must have liability insurance to cover any at-fault damage or injuries to others. This does not cover your own vehicle. While the minimum required coverage is $200,000, we recommend having at least $2,000,000.

How does a 15 30 policy work?

15/30 coverage for bodily injury means that in the event of an accident, your insurance company will pay up to these limits for injuries you are liable for. In other words, 15/30 insurance means that you will be financially covered for up to $15,000 per person injured and up to a maximum of $30,000 per accident.

What do the 3 numbers in auto insurance mean? The three numbers on car insurance indicate limits of coverage. The numbers represent Bodily Injury per Person/Bodily Injury per Occurrence/Property Damage per Occurrence. Three zeroes should be added to each number to reflect the correct amount of coverage. These coverages are always on a per occurrence…