15/30/5 limits are already too low. They have not been changed since 1964, over 50 years ago. The Low Cost Auto Program allows even lower limits, down to 10/20/3. That doesn’t really create properly insured drivers and vehicles. It does, however, change the status of drivers and vehicles, from uninsured, to under-insured. Whether you have 15/30/5 limits, or 10/20/3 limits, they are too low, regardless. Odds are that your limits will be exhausted/run out/be paid to their limits if you are at-fault in an accident, and then my uninsured motorist or under-insured motorist limits will kick in, to pay for the amount of coverage which your low 15/30/5 or 10/20/3 limits did not cover, because they are too low. The Legislature needs to increase the minimum limits above 15/30/5, and the Legislature also needs to increase 10/20/3 limits.
Good comment, however this state still needs no fault insurance think about how much each driver could save without buying uninsured motorist coverage or underinsured motorist coverage. Everyone just deals with their own insurance, if they have it.
And Oh by the way it would get all the lawyers out of the trough and all the scammers and fraud would disappear. Come on !!!! Think about it.
15/30/5 limits are already too low. They have not been changed since 1964, over 50 years ago. The Low Cost Auto Program allows even lower limits, down to 10/20/3. That doesn’t really create properly insured drivers and vehicles. It does, however, change the status of drivers and vehicles, from uninsured, to under-insured. Whether you have 15/30/5 limits, or 10/20/3 limits, they are too low, regardless. Odds are that your limits will be exhausted/run out/be paid to their limits if you are at-fault in an accident, and then my uninsured motorist or under-insured motorist limits will kick in, to pay for the amount of coverage which your low 15/30/5 or 10/20/3 limits did not cover, because they are too low. The Legislature needs to increase the minimum limits above 15/30/5, and the Legislature also needs to increase 10/20/3 limits.
Good comment, however this state still needs no fault insurance think about how much each driver could save without buying uninsured motorist coverage or underinsured motorist coverage. Everyone just deals with their own insurance, if they have it.
And Oh by the way it would get all the lawyers out of the trough and all the scammers and fraud would disappear. Come on !!!! Think about it.