Virtually all states require that drivers
carry a minimum amount of car insurance.* Yet the amount and
type of insurance that motorists must purchase varies considerably
from state to state. Some states, like Maine and Alaska, require
as much as $50,000 coverage for bodily injury of one person,
$100,000 for injury to all persons in an accident and $25,000
for property damage (usually written as 50/100/25). Other
states require as little as 10/20/10 such as Louisiana and
Florida.
*The few states that do not require insurance have, instead,
other regulations; often drivers must provide documentation
that they can meet their financial obligations in case of
an accident, for example. Even in these states most motorists
simply carry car insurance. |
