You may have heard the news: a Tucson lawmaker is pushing to get the minimum requirements for auto liability insurance in Arizona increased.
Right now, about one in five Arizona drivers carry only minimum limits, which are $10,000 for property damage you inflict and $15,000 per person or $30,000 per accident for injuries. (These limits are commonly referred to as 15/30/10.) The proposed law would bump the requirement to the next higher limit, 25/50/20.
If this happens, people carrying minimum limits could see an increase of around $50-100 per year. If you’re one of those people, your policy will most likely automatically adjust itself to comply with the new law– you won’t have to do anything.
Those carrying State Minimum Limits could see an increase of around $50-100 a year.
Keep an eye on your premiums, and if you’re seeing a much more significant increase, there may be another cause. Give us a call to see to find out why, or to check whether another carrier may be a better fit. Insurance quotes with McGhee Insurance are always free!