Before you make a car insurance purchase, you first need to know your state’s minimum requirements. This will help you answer the question, “What should my car insurance cover?”
You can find this information via your local car insurance company, or you can go online and visit the Insurance Information Institute.
The Minimum Requirements
You will see three figures in the minimum requirements, for example 20/40/10. The first figure, 20, simply means maximum coverage for each person who’s been injured in the car accident; the second figure, 40, means maximum coverage for the entire accident; and the third figure, 10, means maximum coverage for property damage. [Read more…]