Vehicle Insurance2018-11-18T17:02:26+00:00

Vehicle Insurance: Car, Auto, SUV, Pickup Truck, Van; How much is required in California?

Vehicle Insurance Requirements | What Are the Minimum Liability Insurance Requirements for Private Passenger Vehicles (California Insurance Code §11580.1b)? FINANCIAL RESPONSIBILITY:

  • $15,000 for injury/death to one person.
  • $30,000 for injury/death to more than one person.
  • $5,000 for damage to property.
    Source: California DMV )
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What Are the Types of Financial Responsibility?

  • Motor vehicle insurance liability policy.Insurance Claims Adjuster
  • A cash deposit of $35,000 with DMV.
  • DMV-issued self-insurance certificate.
  • Surety bond for $35,000 from a company licensed to do business in California.

For information regarding cash deposits or self-insurance, contact the DMV Financial Responsibility Unit at (916) 657-6520.

To locate a company that issues surety bonds, contact the Department of Insurance at www.insurance.ca.gov or by calling 1-800-927-4357.

Now that you have a grasp on what’s required of California drivers for vehicle insurance and your financial responsibility, let’s take a look at what SGB makes available to custom tailor an auto insurance policy to meet your specific insurance needs. For our Auto Insurance Custom Offers Click HERE

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