Insurance,
Government
Sep. 30, 2022
Car insurance minimums are changing, adding protections
California’s current inadequate limits disproportionately impact low-income consumers who may either purchase a minimum-limits policy or be hit by someone with the minimum limits.
As a progressive leader for the nation, California’s laws generally set the gold standard for consumer protection – but this is surprisingly far from true when it comes to mandatory car insurance.
Financial responsibility laws are the legal requirement for an owner of an automobile to show the ability to pay losses through insurance. California currently ranks in the bottom three states with the lowest levels of auto insurance protection i...
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