Find Out Why Your Auto Insurance May Be Going Up
Because of a recent vote by the Arizona Senate, motorists in the Grand Canyon State will soon have to pay a bit more in liability insurance. In this issue, we’ll talk about why.
How Much is Insurance Going Up?
Under current Arizona law, motorists are required to buy 15/30/10 liability. That translates to $15,000 to cover injuries to any one person; $30,000 to cover all injuries in a single accident; and $10,000 for property damage. That law hasn’t changed in more than 40 years. Under the new provision, the limits would be increased to $25,000, $50,000 and $25,000. Sen. Bob Worsley of Mesa said he believes the change will add about $8 per month ($96 annually) to the average bill for auto insurance.
Why The Increase?
According to Sen. Kate Brophy McGee of Phoenix, the insurance increase is reflected by growing costs of treating injuries and property damage. “We send a signal or message to Arizona consumers that this is enough, that if I buy this (insurance), it’ll be OK. But more and more consumers are finding out, in fact, the hard way, that it’s not,” she said. Speaking with the Arizona Star before the Senate made its decision, McGee said, “Medical costs are higher and $15,000 does not go far in the case of a serious injury.”
How Property Damage is Affected
According to reports, the Arizona Department of Transportation incurred $16 million in damages to state guardrails, signs and other property. Of that, about $6 million was unrecoverable because the motorists did not have sufficient insurance to cover the damages.
If You’ve Been Hurt in a Car Accident By Someone Else, Call The Oswalt Law Group
Being involved in a motor vehicle accident can be devastating, and it’s important to have legal representation so that your bills can be covered. Give us a call here at The Oswalt Law Group. The first consultation is always free, and out number is 602-225-2222.