How to Compare Auto Insurance By State

Every state in the nation has different automobile insurance requirements.  It is possible that one state may require less coverage while another state demands more coverage.  You are required to purchase automobile insurance in the state you reside; however, if you have multiple home or travel across states for work, you may be eligible for a different state’s insurance.

On the list below, you will see the coverage required by each state in the nation.  The first number indicates how much money per person can be spent in case of an accident.  The second number indicates how much total money can be spent on any one accident and the final number tells how much money can be paid by the insurance company for personal property.  For instance, if you live in the state of Illinois, you are required to have auto insurance with these minimums: 20/40/15.

If you are involved in an accident with this coverage then $20,000 will be paid per person involved in the accident up to $40,000. The $15,000 will be paid on any property damage.  If your coverages are not enough to pay for the damage you caused in an accident, then you can be sued or you will have to pay for the remaining bills out of your own pocket.  If you caused an accident that involved another car with four passengers, your policy will only cover damages up to $40,000 and no more than $20,000 each.  If all four of them were riding in an SUV or Cadillac, it is unlikely that $15,000 in property damage would cover this vehicle.  In this case, you are likely to have to pay money out of your pocket for damage to the other passengers and vehicle. 

This type of coverage is called comprehensive and collision.  You will want to have these coverages to pay for your own vehicle in case of an accident.