What are the three numbers on my car insurance policy that read 100/300/50?

For your information about three numbers auto insurance. What is it?

This is a very common question and your not the first to ask. There are three numbers auto insurance companies quote and those three numbers are youe auto insurance coverage amounts. Typically, your auto insurance coverage will look like 100/300/50 or 100/300/100.

The numbers 100 and 300 are amounts $100,000 USD and $300,000 USD and they cover bodily injury. The $100,000 is per person and the $300,000 is the total amount of coverage. So if you are in an accident and you caused bodily injury on a single person inside another vehicle your coverage would up to $100,000 for that person. If you are in an accident and you caused bodily injury to 4 individuals your coverage would pay no more than $100,000 to each person and no more than $300,000 total. So if each of the 4 individuals had $100,000 claims then you would be responsible for $100,000 out-of-pocket expenses because the total would cost $400,000.

The last number 50 in the case of 100/300/50 means that you have $50,000 in coverage against property damage. So if you were at fault and went flying into a persons home and caused $75,000 in damages then you would be out-of-pocket $25,000.

Most car insurance companies will suggest at least 100/300/50. The higher your coverage the more expensive your auto insurance premium of course. So you want to have as much coverage as possible but still be able to afford the policy. Being at fault in an accident is tough, it's mentally and physically draining and the last thing most people want to worry about is coming up with a huge pile of cash to cover your expenses. Talk to your car insurance agent about auto coverages, they may be able to give you some average or common claim amounts to put your mind at ease.