When shopping for auto insurance, you might come across numbers like 100/300/100. But what do these actually mean?
These numbers represent your liability coverage limits—the part of your insurance policy that helps cover costs if you’re at fault in an accident.
Here’s the breakdown:
1. $100,000 – Bodily Injury Per Person
This is the maximum your insurance will pay per person for injuries you cause in an accident. If someone is seriously injured and their medical expenses exceed $100,000, you could be responsible for the difference out of pocket.
2. $300,000 – Bodily Injury Per Accident
This is the total your insurance will cover for bodily injuries in a single accident, no matter how many people are hurt. For example, if three people are injured and their combined medical bills total $350,000, you could be liable for the extra $50,000.
3. $100,000 – Property Damage Per Accident
This covers the damage you cause to other people’s property, like their vehicle, fence, or home. If you total a luxury car worth $120,000, you may be on the hook for the remaining $20,000 beyond your limit.
Why It Matters
Understanding these limits is crucial. Choosing too little coverage could leave you financially vulnerable after an accident. At Payne Insurance Group, we help you choose coverage that fits your lifestyle, driving habits, and peace of mind.
Need help understanding your coverage?
Talk to one of our friendly agents today! We’re here to make insurance simple, affordable, and tailored to you.
📞 Call us or stop by any Payne Auto Group dealership to speak with a Payne Insurance Group representative.
💻 Or get a free quote online today at https://payneinsgroup.com/get-a-quote/
