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HB114 – Increasing Auto Insurance Coverage Limits

Right now, your car insurance has mandatory minimum levels of coverage with respect to property damage and personal injury damages per person and per accident.  Those levels right now are set at $5,000 for property damage, $15,000 for bodily injury to or death of 1 person, and $30,000 if 2 more more person.   Those limits are from 1983.

What cost $15,000 in 1983 would cost roughly $35,960.54 in 2016.  Yeah, there has been a tinsy bit of inflation over the last 34 years. So this bill would raise those mandatory minimum limits to $10,000 for property damage, $30,000 for bodily injury to 1 person and $60,000 to 2 or more persons.


SPONSORS: B.Short, Sokola, Keeley, Mitchell, Paradee, Bonini, Bushweller, Delcollo, Ennis, Hansen, McDowell, Poore, Walsh, Baumbach, Bennett, Jaques, Q.Johnson, Kowalko, Longhurst, Lynn, Matthews, Osienski, Ramone, D.Short, Viola, Wilson

YES VOTES: HOUSE:  B.Short, Baumbach, Bennett, Bentz, Bolden, Brady, Carson, Dukes, Gray, Heffernan, Hensley, J.Johnson, Jaques, K.Williams, Kenton, Kowalko, Longhurst, Lynn, M.Smith, Matthews, Miro, Mitchell, Mulrooney, Osienski, Outten, Paradee, Q.Johnson, Schwartzkopf, Smyk, Spiegelman, Viola, Wilson.  SENATE:

NO VOTES: HOUSE: Briggs King, Collins, Hudson, Postles, Yearick (D.Short and Keeley were absent.  Potter did not vote due to a conflict).  SENATE:

HISTORY: Passed House 33-5-2-1. Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits.

STATUS: On Ready List in Senate.

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4 comments on “HB114 – Increasing Auto Insurance Coverage Limits

  1. The impetus behind this seems to be a reassessment of the values on property and bodily injury after 34 years. Which sounds familiar. Perhaps we should apply this logic to property values as they relate to property taxes? Anyone who supports this bill should also then support similar actions toward property taxes and reassessment.

    • This is an excellent point. I’ll also note that this change in mandatory insurance coverage also will increase the insurance bills for those who need to increase their coverage. Since the mandatory minimum will now be higher (and presumably will better capitalize the insurance pool) perhaps the insurance companies won’t have as much credibility is claiming so much harm from ending the use of credit reports and zip codes to price coverage.

      • Perhaps a less advertised motive for this bill was to do exactly as you suggest. Soften the “blow” to insurance co’s in regards to nixing credit report & zip code use.

  2. very nice post it help me lot to understand, thank you very much i have get many information from yor blog thanks you again thise ls very much help full like

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