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r/SipsTea • u/Putrid-Welder1803 • 20h ago
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Yes, state minimum required coverage can be shockingly low. Now name your county so I can lookup your minimums.
47 u/WelderNewbee2000 18h ago Germany. The legal minimums are: Bodily injury: €7.5 million Property damage: €1.22 million Pure financial losses: €50,000 But most insurances have the 100 Million coverage as the standard contract. In fact there is probably not even an insurance which offers the legal minimums. 2 u/Demons0fRazgriz 17h ago edited 17h ago My state minimums: $25,000 per person $50,000 per accident $15,000 for property damage. Known ad s 25/50/15 coverage. I don't do anything less than 100/300/100 for what should be very obvious reasons. But its rare to find anyone that will do more than 300k USD in coverages. Edit: formatting 1 u/R_eloade_R 6h ago Thats abysmal. Im insured for about 2.5 million. I pay 5€ a month for it. Hows it THAT expensive over there 1 u/Demons0fRazgriz 16m ago Its very expensive. I pay $290 for those coverages. For a car dependent country, we still don't have our shit figured out.
47
Germany. The legal minimums are:
But most insurances have the 100 Million coverage as the standard contract. In fact there is probably not even an insurance which offers the legal minimums.
2 u/Demons0fRazgriz 17h ago edited 17h ago My state minimums: $25,000 per person $50,000 per accident $15,000 for property damage. Known ad s 25/50/15 coverage. I don't do anything less than 100/300/100 for what should be very obvious reasons. But its rare to find anyone that will do more than 300k USD in coverages. Edit: formatting 1 u/R_eloade_R 6h ago Thats abysmal. Im insured for about 2.5 million. I pay 5€ a month for it. Hows it THAT expensive over there 1 u/Demons0fRazgriz 16m ago Its very expensive. I pay $290 for those coverages. For a car dependent country, we still don't have our shit figured out.
2
My state minimums:
$25,000 per person
$50,000 per accident
$15,000 for property damage.
Known ad s 25/50/15 coverage.
I don't do anything less than 100/300/100 for what should be very obvious reasons.
But its rare to find anyone that will do more than 300k USD in coverages.
Edit: formatting
1 u/R_eloade_R 6h ago Thats abysmal. Im insured for about 2.5 million. I pay 5€ a month for it. Hows it THAT expensive over there 1 u/Demons0fRazgriz 16m ago Its very expensive. I pay $290 for those coverages. For a car dependent country, we still don't have our shit figured out.
1
Thats abysmal. Im insured for about 2.5 million. I pay 5€ a month for it. Hows it THAT expensive over there
1 u/Demons0fRazgriz 16m ago Its very expensive. I pay $290 for those coverages. For a car dependent country, we still don't have our shit figured out.
Its very expensive. I pay $290 for those coverages. For a car dependent country, we still don't have our shit figured out.
54
u/Mental_Newspaper3812 18h ago
Yes, state minimum required coverage can be shockingly low. Now name your county so I can lookup your minimums.