How Much Car Insurance Do You Need in Arizona?

How Much Car Insurance Do You Need in Arizona?

When you obtain a driver’s license and go to buy a car you will need to provide proof of insurance. This is true for every state in the country, including Arizona. Without proof of insurance, you will not be able to drive your chosen car off of the lot. The majority of the country has mandatory minimum insurance requirements and the amounts of coverage that motorists must carry vary by state.

Arizona requires that all drivers obtain insurance coverage with bodily injury liability at $15,000/$30,000 and $10,000 in property damage liability. When you are considering how much insurance you should obtain, for certain you must meet these Arizona minimum car insurance amounts must be met. However many financial and legal professionals would advise that if you can afford it or if your car is an expensive model to consider purchasing higher amounts of coverage.

Why Should You Carry More Insurance Coverage Than the Minimum Requirements?

There are many reasons why it is wise to carry more insurance than the state’s minimum requirements if you can afford to do so. First, if you caused the incident and your coverage isn’t sufficient to pay for all the costs that result, you will have to pay for it out of your own personal funds. This could completely devastate your finances and leave you in a very bad place. Liquidation of assets like your home may be at risk and your wages may even be garnished to make up the amount not covered by your insurance. 

There are many situations where an Arizona automobile accident can be quite expensive. If injuries are sustained, medical expenses can add up and be astronomical. Severe injuries can quickly surpass minimum coverage amounts. It is not uncommon for a moderate accident to have costs that exceed $100,000. If your insurance coverage isn’t adequate, the other party has the ability to pursue a legal suit against you for the extra costs. It can be a long and very expensive process fighting the suit. In Arizona, though, there must always be a liable party found when an accident happens due to the tort system.

Another consideration is if the accident you were in was caused by another party that either doesn’t have insurance and doesn’t have the assets to cover the overages in costs, you will have to pick up the bill. Damages from medical care to car repair costs can easily wipe out your personal wealth in a myriad of accident situations. To safeguard your financial well-being, increasing your coverage is something to look into. Often, the increase in coverage doesn’t come with an over-the-top increase in your monthly bill. 

Finding An Arizona Car Accident Attorney

Arizona Car Accident AttorneyArizona automobile accidents happen quite frequently across the state. It is important that your expenses are fully covered when you have been hit and injured in an accident by a negligent party. The Arizona automobile accident attorneys at ELG will investigate your case and build a strong personal injury suit for you. We will fight aggressively on your behalf to obtain the most favorable outcome. ELG’s team of Phoenix serious injury attorneys are here to help you when you have been victimized in an accident. Call the Spanish-speaking, bilingual Phoenix personal injury attorneys at ELG today at (623) 877-3600 to schedule your free, no-obligation consultation.