What is the minimum insurance liability coverage on a auto for farmers insurance company?
Question:
Answer:
minimum insurance coverage rates are set by the state, not individual insurance companies, the insurance company will not sell you anything less than the state required min I believe it is typically $250,000 of coverage, but it is recommended that you get more, this is the max the insurance company will ever pay if you are at fault in an accident. if there are several cars invovled and/or some serious injuries (like those needing intesive care/life support/helicopter escorts) this $250k could get used up pretty quick and you could be liable for anything more than this amount
again, this min amount is set by each state, and your insurance agent should be able to tell you what it is for your state.
It varies by state - in PA the state minimum is $15,000 per person, $30,000 per accident, and $5000 property damage. It doesn't take a genius to see this is ridiculously low. Any insurance agent in your state can tell you what the minimum is, or, you can check out you state insurance department website.
In which state or country? The insurance can not insure you for less than the minimum set by regulation.
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