Auto Insurance Numbers Mean

Cars with a group 1 insurance rating carry the lowest risk to an insurer for example they might have a lot of safety features or are only capable of moderate speeds.

Auto insurance numbers mean. New hampshire being the notable exception. So for example if you own a 25 50 15 policy the 25 means that your carrier will pay out up to 25 000 for each person injured in an accident that was your fault. The three numbers on car insurance indicate limits of coverage the numbers represent bodily injury per person bodily injury per occurrence property damage per occurrence three zeroes should be added to each number to reflect the correct amount of coverage these coverages are always on a per occurrence basis. Every car belongs to one of 50 car insurance groups which band cars from the cheapest to the most expensive to insure starting with group one the cheapest and ending with group 50 the most expensive.

Liability car insurance coverage is typically written out like this for example for north carolina. Each car is assigned to one of 50 car insurance groups and each group is assigned a rating based on the level of risk an insurer feels they carry. This is your maximum coverage for bodily injury liability for one person injured in one accident or incident. What do those three auto liability insurance numbers mean.

The second number 20 stands for 20 000. E exceeds the security requirement for a car of this type and the group rating has been reduced so a group 10 car that exceeds the standard is listed as a 9e. Where security has been rated the insurance group number from 1 to 50 is followed by a letter which shows the results of the assessment. The more powerful expensive and rarer your car the higher the group it will be in.

The numbers 10 20 10 on your auto insurance policy represent the monetary limits on your liability coverage. If you want a good illustration of what that can mean consider the bmw 1 series line up which starts at insurance group 21 for the basic 1 5 litre petrol five door but shoots all the way up to. Liberty mutual pay per mile car insurance equals great savings. The first number on your car insurance policy represents the bodily injury per person that your carrier will pay out if you are in an at fault accident.

Your auto insurance has limits of liability. Car insurance is required in nearly every state in the u s. Answered on october 21 2019. Almost all of us buy car insurance but it has provisions that most people know little about.

30 000 for injuries to one person in an accident. What do car insurance groups mean. That means the minimum liability limits are.