California is raising its minimum auto insurance requirements for the first time in over five decades, aiming to protect vulnerable drivers from financial ruin.
Insurance Commissioner Ricardo Lara noted the previous minimum coverage often left drivers at risk, particularly those from vulnerable communities, citing insufficient limits after accidents.
According to experts, the previous minimum liability limits no longer adequately covered typical claims, as costs for repairs and medical expenses have risen significantly.
The new law raises the minimum coverage limits to reflect current economic realities, addressing changes in costs since the limits were last set in 1967.
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