Talk:Vision Document
Most states require minimum liability automobile insurance. If insurance is required in your state, the penalties for not carrying the mandated amount can lead to fines up to $500, impounding your car and a suspension of your license. If you are involved in an auto accident without insurance, the penalties and money you can owe could ruin you financially.
Typically the minimum required state liability coverages are:
- 1. A maximum amount for bodily injury of one person
- 2. A maximum for bodily injury of all persons
- 3. A maximum for property damage
These are often listed in that order and separated by commas or slashes. For example, auto liability coverage of 25/40/10 would equal twenty-five thousand dollars for bodily injury of one person, forty thousand dollars for all persons injured in one accident and ten thousand dollars for property damage. State coverage requirements can range from as little as 10/20/10 in Florida to 50/100/25 in Alaska and Maine. Shopping for car insurance is the only way to save money on car insurance. With CarInsurance.com it is easy to buy your auto insurance online, in some states you could complete the process and have your proof of insurance in 15 minutes!
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