State Auto Insurance – What are the Requirements?

Virtually all states within the U.S. have laws regulating the minimum amount of auto insurance coverage should be. In states that do not have financial responsibility laws that the state must be able to provide evidence of ability to pay for both bodily and property damage resulting from an auto accident, up to a minimum. The table below indicates the mandatory minimum requirements state by state. The first is second is the minimum amount of coverage required for all persons injured in an accident. The first figure is the limit for an individual and the third is for property damage. All figures are $ 1,000. Thus, Alaska, taking as an example, the minimum coverage is $ 100,000 for everyone injured in an accident up to a limit of $ 50,000 for one person and $ 25,000 for property damage.