Understanding the State-Mandated Minimum Auto Liability Insurance

[Quinton Becker]

A Free-Reprint Article Written by: Quinton Becker

Article Title:
Understanding the State-Mandated Minimum Auto Liability Insurance

See TERMS OF REPRINT to the end of the article.

Article Description:
Few people understand what those auto liability insurance
numbers really mean. In this article, I break down 10/20/10
and other minimum liability insurance coverage so that
everyone can understand it.


Additional Article Information:
===============================

762 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2010-04-19 12:00:00

Written By: Quinton Becker
Copyright: 2010
Contact Email: mailto:quinton...@thephantomwriters.com



For more free-reprint articles by Quinton Becker, please visit:
http://www.thePhantomWriters.com/recent/author/quinton-becker.html


=============================================
Special Notice For Publishers and Webmasters:
=============================================

HTML Copy-and-Paste and TEXT Copy-and-Paste
Versions Of Article Are Available at:
http://thePhantomWriters.com/free_content/db/b/minimum-auto-liability-insurance.shtml#get_code

---------------------------------------------------------------------

Understanding the State-Mandated Minimum Auto Liability Insurance
Copyright (c) 2010 Quinton Becker
Maxroo
http://maxroo.com/updates/



It has been estimated that as many as 15% of all drivers on the
road in the United States do not have liability insurance for
their vehicle. Of course, that estimation does not take into
account drivers in New Hampshire and Wisconsin, who in previous
years were not required by the state government to carry
liability insurance on their personal vehicles.

Beginning June 1, 2010, drivers in Wisconsin will be required by
the state to carry liability insurance protection for their
vehicles. That will leave New Hampshire as the only state that
does not require motorists to carry automotive liability
insurance.

Yet, there were more than 6 million recorded traffic accidents in
the United States in 2009 - roughly equal to one accident for
every 50 people living and working in the United States.

According to statistics produced by the National Highway Traffic
Safety Administration, there were nearly 34,000 traffic
fatalities on American roadways during 2009.

Despite these grim odds, most people who purchase auto insurance
for their personal vehicles will only purchase the state-mandated
minimum liability insurance protection, with the minimum-coverage
required by the state.

What most people do not realize is that the minimum state
requirements for liability insurance could very well fall short
of what is required to pay the medical expenses and property
damage of the other party.

Additionally, most people do not realize that if the insurance
company fails to cover all of the required medical expenses and
property damages, then the injured party can sue you for the
difference, if you were at fault.

In a state of Wyoming, the minimum state requirements for
liability insurance are 25/50/20. The first two numbers, the
25/50, referred to bodily injury liability limits, and the third
number refers to the property damage liability limit.

What this actually means to the consumer is that the state
mandated liability requirements will cover up to $25,000 per
individual injured in a traffic accident and up to $50,000 for
everyone involved in the accident, who needed medical treatment.

The third number, in the case of Wyoming's minimum state
requirements for automotive liability insurance, indicates that
the insurance company will only be liable up to $20,000 for any
property damage related to a motor vehicle accident that was the
fault of their client.

If you consider the cost of medical care in the United States
today, Wyoming's minimum liability insurance requirements for
medical coverage may not fully protect your personal finances, in
a worst-case scenario traffic accident.

Additionally, when new cars frequently cost more than $25,000 to
purchase, as is the case today, then Wyoming's minimum
requirement of $20,000 coverage for property damage could very
well fall terribly short of what is required to repair or replace
the other person's vehicle or other property.

If you were to buy the minimum auto liability insurance, as
required by the state of Wyoming, you could be leaving yourself
with inadequate liability insurance coverage and financial
protection.

Many consumer advocates recommend a minimum of 100/300 for bodily
injury protection to ensure that you will be financially
protected in the event of an auto accident. Advocates also
recommend a minimum of $50,000 for property damage, in the event
that an accident is your fault.

The smallest amount required by any state for medical liability
is 10/20/10 liability coverage, available to residents of
Florida.

The state with the highest liability insurance coverage
requirements are Wisconsin, which is just introducing mandatory
automotive liability insurance and is entering the fray with the
highest minimum liability protection in the United States at
50/100/55. Behind Wisconsin is Alaska and Maine, which both
require a minimum of 50/100/25.

The state-required minimums for automotive liability insurance
give a false impression, concerning how much risk an individual
is actually taking on, when they get behind the wheel of the car.

Liability insurance is often the smallest portion of our total
automotive insurance premium. Getting additional liability
insurance is usually pretty inexpensive. But given the high cost
of medical expenses and vehicle replacement, it may be in your
best interest to spend a few more dollars to get some additional
liability insurance protection.

While it may be possible to reduce your insurance rates by
reducing your liability coverage, it is not recommended that you
to do so. For most people, it may actually make far more sense to
increase liability coverage, rather than to reduce liability
coverage.

To see the minimum required coverage amounts of liability
insurance protection for drivers around the country, see our list
of the minimum liability requirements for all 50 states here:
http://CheapOklahomaAutoInsurance.com/understanding-liability-ins
urance.php




---------------------------------------------------------------------
For those who are looking to save money on auto insurance, the
best advice is to get several quotes from as many insurance
carriers as possible, since automotive insurance policy pricing
can vary by as much as several hundred dollars from company to
company. Oklahoma drivers can compare auto insurance quotes at
http://cheapoklahomaautoinsurance.com/ Drivers from other states
can use http://maxroo.com/updates/auto-insurance-quotes/ to get
at least four quotes from local insurance agents. Written by
Quinton Becker.


--- END ARTICLE ---

Get HTML or TEXT Copy-and-Paste Versions Of This Article at:
http://thePhantomWriters.com/free_content/db/b/minimum-auto-liability-insurance.shtml#get_code



.....................................

TERMS OF REPRINT - Publication Rules
(Last Updated: May 11, 2006)

Our TERMS OF REPRINT are fully enforcable under the terms of:

The Digital Millennium Copyright Act
http://thomas.loc.gov/cgi-bin/query/z?c105:H.R.2281.ENR:

.....................................

*** Digital Reprint Rights ***

* If you publish this article in a website/forum/blog,
You Must Set All URL's or Mailto Addresses in the body
of the article AND in the Author's Resource Box as
Hyperlinks (clickable links).

* Links must remain in the form that we published them.
Clean links should point to the Author's links without
redirects having been inserted into the copy.

* You are not allowed to Change or Delete any Words or
Links in the Article or Resource Box. Paragraph breaks
must be retained with articles. You can change where
the paragraph breaks fall, but you cannot eliminate all
paragraph breaks as some have chosen to do.

* Email Distribution of this article Must be done through
Opt-in Email Only. No Unsolicited Commercial Email.


* You Are Allowed to format the layout of the article for
proper display of the article in your website or in your
ezine, so long as you can maintain the author's interests
within the article.

* You may not use sentences from this article as an input
for any software that steals sentences from others in
order to build an article with software. The copyright on
this article applies to the "WHOLE" article.


*** Author Notification ***

We ask that you notify the author of publication of his
or her work. Quinton Becker can be reached at:
quinton...@thephantomwriters.com


*** Print Publication Reprint Rights ***

If you desire to publish this article in a PRINT
publication, you must contact the author directly
for Print Permission at:
mailto:quinton...@thephantomwriters.com



.....................................

If you need help converting this text article for proper
hyperlinked placement in your webpage, please use this
free tool: http://thephantomwriters.com/link-builder.pl

Would you like to learn how to improve the performance of your
article marketing campaigns? Download our F.R.E.E. 108-page
Article Marketing Ebook at:
http://thephantomwriters.com/ebooks/advanced-article-marketing.html


*****************************************************************
*
* This email is being delivered directly to members of the group:
*
* Family-...@googlegroups.com
*
*****************************************************************


=====================================================================

ABOUT THIS ARTICLE SUBMISSION

http://thePhantomWriters.com/ is a paid article distribution
service. thePhantomWriters.com and Article-Distribution.com
are owned and operated by:

Bill Platt
3010 E Raintree
Stillwater, Oklahoma USA 74074


Learn more about our article distribution services by visiting:
http://thephantomwriters.com/x.pl/tpw/info/article-distribution/index.html

The content of this article is solely the property
and opinion of its author, Quinton Becker
http://maxroo.com/updates/



---------------------------------------------------------------------
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
---------------------------------------------------------------------





--
You received this message because you are subscribed to the Google Groups "Family-Budgets" group.
To post to this group, send email to family-...@googlegroups.com.
To unsubscribe from this group, send email to family-budget...@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/family-budgets?hl=en.