How much bodily injury coverage should I carry?
Asked by: Ida Predovic | Last update: December 26, 2025Score: 4.3/5 (2 votes)
What is a good amount of bodily injury coverage?
California's minimum bodily injury liability coverage is $15,000 per person and $30,000 per accident (usually written as $15,000/$30,000). California's minimum property damage liability coverage is $5,000.
How much personal injury protection should I carry?
We suggest that anyone buying an auto policy should try to secure $10,000 of PIP coverage. This way you know you will at least have the first $10,000 of your medical bills (and possibly lost wages) covered with no questions asked.
What does $100 k /$ 300k /$ 100k mean?
The numbers in the coverage refer to the maximum amount your insurer will pay out for each type of claim. So, in a 100/300/100 policy, you would have $100,000 coverage per person, $300,000 in bodily injury coverage per accident, and $100,000 in property damage coverage per accident.
What is a good amount of car insurance coverage?
Typical coverage amounts: Insurance experts recommend at least $100,000 per person and $300,000 per accident for bodily injuries, and $100,000 for property damage.
How much BODILY INJURY coverage do I need?
What is a good insurance coverage amount?
For example, if your net worth is $90,000, then a good car insurance policy for you might be structured as $50,000/$100,000/$50,000, giving you $100,000 in total bodily injury coverage per accident.
Does bodily injury cover pain and suffering?
Yes, bodily injury liability coverage includes pain and suffering compensation. Pain and suffering is one of the common types of damages that personal injury claim victims are entitled to in a successful personal injury claim along with medical bills, medical expenses, lost wages, and more.
Is 100k a decent salary?
Generally speaking, $100,000 is a good six-figure salary for a single person. Before taxes, $100,00 works out to roughly $8,333 per month.
Should I get personal injury protection on my car insurance?
Currently, several states require personal injury protection (PIP) coverage, regardless of whether you have health insurance. PIP is offered as an optional coverage in some states as well, and it may be worth considering in order to gain coverage for accident-related expenses that your health insurance won't cover.
How much bodily injury is full coverage Progressive?
$50,000: The maximum amount your insurer will pay for bodily injuries per person. $100,000: The total amount your insurer will pay for bodily injuries per accident.
What is normal personal accident cover?
Personal accident cover pays out if you die or are seriously injured in an accident and you can't claim compensation from a third party. So if the accident was your fault, your personal accident cover could pay out. To qualify for a payout, your injuries would have to be of a certain severity or result in your death.
What is the 15/30/5 rule?
A car insurance policy with 15/30/5 means it covers up to $15,000 per person and $30,000 per accident for bodily injury liability and up to $5,000 per accident for property damage liability.
How much is a bodily injury claim worth?
The median payout for a personal injury lawsuit is approximately $52,900. For most victims with moderate injuries, like broken bones, sprains, and whiplash, the payout ranges from $3,000 to $10,000. However, extreme injury and mental suffering has helped some victims earn millions.
What happens if I don't have bodily injury coverage?
If you cause an accident and don't have bodily injury liability coverage, you may be sued and held legally responsible for paying the other party's related medical costs out of your pocket.
What is 50k bodily injury coverage?
The per-person limit applies to each person injured in an accident. For example, say your per-person limit is $50,000. That means if one person is injured in a car accident, the most your bodily injury liability would pay for all their medical expenses is $50,000.
What does 100-300 bodily injury mean?
100/300 refers to the amount of bodily injury liability coverage you have on your car insurance policy. The two numbers represent the following insurance coverage limits: $100,000 per person for bodily injury liability coverage. $300,000 per accident for bodily injury liability coverage.
What two things should be considered when choosing an auto insurance deductible?
The best deductible amount is an amount that you're comfortable paying in the event of a claim. It's also important to consider your driving history and the likelihood of filing a claim.
Who pays out pain and suffering?
Factors Considered for Pain and Suffering Damages
This can take many forms, such as bills, chronic pain, anxiety, and more. As accidents of any kind affect much more than just your physical wellbeing, insurance companies will pay for your pain and suffering based on the hardships you have faced.
What is a typical amount of pain and suffering?
According to insurance data, the average payout across the U.S. for a pain and suffering settlement in a personal injury case is approximately $15,000.
What is an example of a bodily injury?
Bodily injury refers to the physical damage caused to a person's body. It can also be known as physical injury. Examples of bodily injuries could include: Cuts, abrasions, bruises, burns, and lacerations.
What is the 80% rule in insurance?
The 80% rule means that an insurance company will pay the replacement cost of damage to a home as long as the owner has purchased coverage equal to at least 80% of the home's total replacement value.
Is $200 a month good for insurance?
Is $200 a lot for car insurance? Paying $200 per month is a little higher than average for car insurance. Nine states have average rates for full coverage that are higher than $200 per month, and no state has average rates that high for minimum coverage.
What is the insurance 5% rule?
In each insurance year you can withdraw up to 5% of the premium paid into your policy without a gain happening in that year. An insurance year begins on the anniversary of the date of your policy was taken out and ends on the day before the anniversary in the next year, except in the final insurance year.