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That’s insanely low! In Portugal the minimum required by law is 6.45 million for victims and 1.30 for property damage, per accident. A policy like this can cost
by mfalcao 3y ago
That’s insanely low! In Portugal the minimum required by law is 6.45 million for victims and 1.30 for property damage, per accident. A policy like this can cost as little as 250€ / year.
I assume these low limits in US insurance also affect material damages so that if you crash into an expensive car you just get a bunch of debt you need to pay off?
- kjkjadksj 3y agoDespite the seemingly affordability a lot of drivers are uninsured. In California its 1 in 5 and in Mississippi its 1 in 3 drivers that are uninsured. Its likely they try and flee the scene over staying to offer to pay with money they don’t have. Hit and run drivers successfully get away 9/10 times. You might only carry liability insurance at which point you pay for your own repair.