You don’t think about insurance much — until you need it. As a California driver, it’s important to know the laws and regulations for your auto insurance policy.
California requires certain minimum insurance coverage amounts for drivers. But is that really enough? The minimums likely won’t protect your finances if you’re in a serious accident, and your personal a-sets could be on the hook. Here’s a list of the minimum coverage requirements, other options, and what you should know to protect yourself.
The time to understand car insurance is before you get into an accident. But if you’ve been in a recent collision, don’t despair. Car insurance laws can be complicated, but we’ll break down the important parts so you can be informed and ready if you need to file a claim.
If you own or drive a car, you probably already know that you’re required to have car insurance coverage. You need certain minimum amounts in order to drive legally, but are those minimums enough? Would they really cover you in an accident, or do you need supplemental coverage, too?
Minimum Car Insurance Coverage Requirements in California
Bodily injury liability
$15,000 per person, $30,000 per accident
Property damage liability
$5,000
Uninsured motorist bodily injury
$15,000 per person, $30,000 per accident
Uninsured motorist property damage
$3,500
Collision insurance covers damages caused in an accident with another vehicle, person, or other property. Comprehensive insurance covers other damages caused by an event that’s not a collision. Most insurance companies sell these 2 types of policies together as a bundle.
GST taxpayers can't claim any pending input tax credit if this return is not filed by November 30, 2024 for FY 2023-24
