Arizona Increases Minimum Limits for Car Insurance

A new law in Arizona went into effect on July 1, 2020. It is good news for Arizona drivers. Liability minimum limits have increased from $15,000 per person /$30,000 per incident /$10,000 property damage to $25k/$50k/$15k. If you previously held a minimum limits policy, your coverage was automatically increased last month.

Renewal premiums are expected to rise slightly. While this slight increase may be a burden for some, the higher limits are an absolute necessity for those injured by a negligent driver. The former limits were instituted in 1972. The cost of the average new car then was $3800. In 1972 a $10,000 property damage limit could have replaced two new vehicles. Today, the average new vehicle costs more than $37,000, nearly ten times higher. Yet, these minimum limits remained.

These new limits, while improved, are still dangerously low compared to current cost of medical care following a severe collision. Therefore, as we often do here, the Rockafellow Law Firm strongly advises that you protect yourself and your passengers with underinsured and uninsured motorist coverage to compliment your liability coverage. Currently, Arizona only requires liability coverage.

We should applaud these overdue minimum limits updates. Hopefully Arizona lawmakers will not wait another 48 years for the next increase.

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