What Does Minimum Auto Insurance Coverage Mean?
Reader’s Question:
Hi everyone! I’m having a hard time understanding the auto insurance quote that an agent gave me. He says it’s the minimum auto insurance requirement in Arizona. Can someone explain in simple terms what this actually covers?
Faith
Glendale, AZ
Hello there, Faith! I’d be glad to help you out.
For starters, the minimum auto insurance coverage required in Arizona are as follows: $15,000 per person of bodily injury liability insurance with a maximum of $30,000 per accident and a $10,000 property damage liability insurance. If you are found to be the person at fault in an accident, the bodily injury liability insurance will pay for the costs of medical expenses, lost wages and pain and suffering of the injured party. It will also provide legal defense if ever you get into a lawsuit resulting from the accident. On the other hand, the property damage liability insurance will cover the expenses for damage to another person’s properties, as well as any legal costs associated with the accident.
Aside from the minimum insurance required, I would also suggest that you look into getting some add-on auto insurance coverage for collisions and a comprehensive auto insurance, as well, to cover for any other thing that could result to the damage or loss of your vehicle.
Why don’t you give your agent in Arizona a call? I’m sure your auto insurance agent will be able to enlighten you on your auto insurance companies’ policies and processes, and this will aid you in making an informed decision before you actually pay for your auto insurance.
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