Important Arizona Auto Insurance Facts

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Sitting behind the wheel of a car and driving down the road is a tremendous responsibility. It doesn't matter how well you obey the traffic laws or how carefully you drive, accidents still happen. For that reason Arizona, just like every other state in the U. S., requires drivers to carry minimum liability insurance on their vehicle. Here are some facts about Arizona auto insurance.

Arizona has its own special requirements. The owner of a car must show financial responsibility. For most people that means purchasing liability coverage to meet the state requirements. However, in Arizona, if you own more than 10 vehicles, you can become self insured by completing the required documentation and putting up a million dollar bond.

The minimum liability that Arizona requires is known as 15/30/10. That means that if one individual is injured in an accident, the insurance will cover their medical needs up to $15,000. If two or more people are injured in the same accident the insurance company will pay $30,000. This part of the policy is called Bodily Injury.

The other portion of the minimum liability is known as property damage coverage. In this case, it will cover up to $10,000 on repairs to the other driver's car. This insurance is only used if you are at fault in an accident.

Considering the high cost of hospitals, each car owner has the responsibility of deciding whether or not he needs more coverage than the minimum requirement. He has the opportunity to raise just the bodily injury coverage, the property damage coverage or both. One serious accident has the possibility of ruining a person financially.

One thing that must be taken into consideration when you purchase insurance coverage is that the minimum state requirements do not cover your car or anyone riding in your car. If your car is an older model, it would be better to set money aside in a savings account to use for repairs in case of an accident. You will, also, need to determine whether or not to purchase personal injury protection coverage.

Another important consideration is what will happen if the other person doesn't have the liability insurance on his car. In 2009 the number of uninsured motorists in Arizona rose to 25 percent because of the economic recession. Because of the high statistics, it is wise to carry uninsured motorist coverage on your automobile along with the minimum liability.

If you own a vehicle in the state of Arizona, carefully consider the state of your finances before you decide how much and what kind of insurance you need. Remember, it is against the law to drive a car that doesn't have liability coverage.

About the Author:
Like every other state in the U. S, Arizona requires drivers to carry minimum liability insurance on their vehicle. Here are some facts about Arizona auto insurance, now in our AZ car insurance info guide.



Article Originally Published On: http://www.articlesnatch.com


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