Delaney Simchuk, Car Insurance Writer
Permalink Report Abuse
The recommended amount of bodily injury liability coverage in Arizona is at least $25,000 per person and $50,000 per accident, since these amounts will satisfy Arizona's minimum coverage requirements. Ideally, your liability insurance limits should equal your net worth, to protect your assets and prevent lawsuits.
Key Things to Know About Bodily Injury Liability Coverage (BI)
- Covers others' injuries. Bodily injury liability insurance pays for others' medical expenses after a car accident that you were at fault for. It's important to note that your own bodily injury liability insurance does not cover your own injuries or medical expenses. However, if another driver is at-fault, you can file a bodily injury liability claim with their insurer to get compensation for your expenses.
- Your limits should cover your net worth. If your bodily injury liability insurance limits are not high enough to cover the total cost of repairs after an accident, you can face lawsuits. Limits that are at least as high as your net worth protect your assets and help ensure that you will be able to pay for medical expenses for others if you cause an accident.
- You need at least state-minimum coverage. If you are caught driving without the proper insurance coverage, you may face fines and driver's license suspension or revocation.
- Supplemental coverage is available. If the standard BI limits offered by insurance companies are not high enough to cover your net worth, you can look into an umbrella insurance policy, which offers coverage limits starting at $1 million.
To learn more, check out WalletHub's guide to bodily injury liability insurance. If you're interested in car insurance to cover your own bodily injuries, check out our guides to personal injury protection (PIP) and MedPay.
People also ask
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Did we answer your question?