Car Insurance in CA, What’s The Minimum I Need?
In California, drivers are required to carry a minimum body injury liability coverage of $15,000 per person/ $30,000 per accident, otherwise known as a 15/30 policy. This means that if someone is injured as result of your negligence while driving, your insurance will cover up to $15,000 per injured person in the other vehicle with a $30,000 maximum for the entire accident.
For example, let’s say Doug rear ends Peter (traveling with his two younger siblings) on the way to school. Peter and his younger siblings all suffered from injuries as a result of this accident with combined medical bills of $60,000/ $20,000 each. Since Doug only had a 15/30 policy Peter and his siblings will only be able to recover $30,000 total for the accident effectively giving each injured party a recovery of $10,000 ($30,000 recovery/ 3 people).
Peter can also seek to recover personally from Doug by filing a lawsuit if Doug has assets. As a rule of thumb a driver should buy insurance coverage equal to or above the value of their assets/ estate. This way the risk that an injured party will attempt to recover by filing a personal lawsuit against the defendant’s estate is minimized.
If you have been injured as a result of another driver’s negligence, please contact California Accident Firm 24/7 at 818.338.0020 for a free case evaluation.