California Insurance Minimums
- Bodily Injury Liability: $15,000/$30,000 Limit
- Property Damage Liability (PDL): $5,000 Limit
*For automobile assigned risk plan drivers, the requirements are $10,000/$20,000/$3,000 Limits
The state of CA follows a Tort system implying someone must be found to be responsible for being involved in the accident, and that man or woman and their insurer is responsible for all costs. Be mindful that the specific points of a tort system vary from state to state.
You can get underinsured motorist coverage added to your california auto insurance in order to compensate bodily injury caused by an underinsured driver (depending on the state). California does not require drivers to purchase this coverage, but you should consider purchasing this valuable coverage.
The average auto insurance premium for residents in CA was $950 in 2003; the national average was $914. There are many people that think the state of California and auto insurers set a fixed rate for insurance, so they never compare current quotes for better rates. Insurance Underwriters have different rate segmentation standards so everyone’s rate will be different with each insurance agency. To save money on auto insurance, you need to compare current quotes. You can visit several sites to compare quotes and less epensive rates available in California, so average Californians can get a less expensive rate on their auto insurance.
2007 had the first reduction of rates since 1999. 2007 had a .5% to 1% decrease in auto insurance rates from 2006. In 2009, average costs are expected to slowly rise once again! Insurance sites recognize that the only way to save is to compare rates. These types of sites use advanced technology to let you find the lowest available rates
In a large state like California, changing demographics cause rates to change over the years. If you don’t keep an eye on your rates and don’t compare current insurance rates, you could see your auto insurance rates rise like they did from 2000-2002. In those 3 years, the average insurance costs became less affordable by almost 24%!
