Best answer: How much car insurance do I really need in California?

Liability Coverage and California Law

How much auto insurance 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.

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.

Do you actually need car insurance?

You will be required to carry a minimum amount. For example, in California you need to have at least $15,000 for bodily injury to one person, $30,000 for bodily injury to multiple people in a single car accident and $5,000 for property damage (written as 15/30/5).

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What happens if you get hit by someone without insurance in California?

The state of California legally requires all drivers to carry insurance. Failure to carry car insurance may result in criminal charges within the state. Drivers who don’t have car insurance also face the “No Pay, No Play” rule. … Drivers without car insurance may not seek non-economic damages after a collision.

Can someone drive my car if they are not on my insurance?

If a friend or a family member has an accident and isn’t insured, then you will have to use your insurance. Unless you have expressly denied that driver permission to use your vehicle.

Is it better to have collision or comprehensive?

What Do Collision and Comprehensive Insurance Cover? Collision coverage pays for your vehicle’s damage if you hit an object or another car. Comprehensive insurance pays for non-crash damage, such as weather and fire damage. It also pays for car theft and damage from collisions with animals.

What is a good amount of liability insurance?

The best liability coverage for most drivers is 100/300/100, which is $100,000 per person, $300,000 per accident in bodily injury liability and $100,000 per accident in property damage liability. You want to have full protection if you cause a significant amount of damage in an at-fault accident.

Is it true all insurance companies charge pretty much the same amount for the same coverage?

The answer lies in the way each one calculates risk. There are hundreds of factors used by car insurance companies to determine what your risk profile is and how much they should charge you. … As you can see, the same insurance company can give you a terrible rate or a great rate depending on one individual factor.

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What kind of insurance do I need for an old car?

How much car insurance do I need for an older car? The only insurance you usually need is liability coverage and, in some states, personal injury protection. Full coverage is often recommended, but it becomes much less valuable financially with an older car.

What type of car insurance is required by law?

Drivers must purchase liability coverage that meets their state’s minimum requirements. Minimum property damage coverage ordinarily ranges from $5,000 to $25,000, depending on the state. Bodily injury coverage is defined per person and per accident because there might be more than one person injured in an accident.

How much should your insurance be based on net worth?

High net-worth individuals need a competitive personal umbrella insurance policy with a limit of at least one million dollars. In some cases, depending on your wealth, you may need liability limits of up to five million dollars.

What happens if you hit a car and don’t have insurance?

If the car accident was your fault

Without insurance, you may have to pay out of your own pocket. Repair costs vary depending on the type of accident, and whether you’ve damaged someone else’s vehicle or caused property damage (eg, to someone’s house).

What happens if you don’t have insurance on your car?

The risks of driving without insurance

Driving without insurance for property damage can leave you financially liable for the cost of any repairs to your own vehicle, other vehicles, and any other property damaged in an accident.

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