Oklahoma City Personal Injury Attorney  Will Minimum Car Insurance Coverage Cover My Losses in an Oklahoma City Auto Accident

Oklahoma City auto accidentMinimum liability insurance for your car is mandated by Oklahoma law.

If you drive a motor vehicle, you are required to carry the following minimum coverage: $25,000 for injury/death of one person, $50,000 for injury/death of more than one person in a single incident, and $25,000 for property damage. (Okla. Stat. tit. 47 § 7-324)

That may sound like a lot, but once you start adding up the real costs of an Oklahoma City auto accident, you will see that this minimum is just that — a bare minimum.

FAQ: Oklahoma City Auto Accident

Depending on the severity of the Oklahoma City auto accident and the number of cars and people involved, the real cost of an accident could realistically exceed $100,000.

Oklahoma is a “fault” state. That means that if you are found to be at fault in an Oklahoma City car accident, you will be required to pay for the damages of the parties who were injured. This can include medical damages, pain and suffering, lost wages, and property damages.

The cost of an average new car in the United States is now in excess of $25,000. If you are the driver at fault carrying minimum liability insurance, you could pay out of pocket for years to make up the difference between your minimum coverage and the actual damages.

Worse, if you own a home or other assets, you could lose them in a lawsuit. It is better to carry more than the minimum, and significantly more, if you own any assets. You want to protect your assets from possible loss as a result of an Oklahoma City auto accident.

If You Are a Victim

If you are a victim of an Oklahoma City auto accident, and carry either little or no uninsured or underinsured motorist coverage, you could be stuck paying out of pocket for most or all of your damages if the culpable driver is either uninsured or carries only a minimum amount of liability coverage.

However, if you carry sufficient uninsured and underinsured coverage, your coverage will kick in to help pay any shortfall in the culpable driver’s coverage.

Free Consultation: Oklahoma City Personal Injury Attorney

If you are the victim of a car accident, contact a qualified Oklahoma City personal injury attorney to evaluate your case.

For a free, no-risk consultation with the Personal Injury Law Office of Oklahoma City, call today: 405-716-4878 (716-HURT).

If you prefer, you may send your question via e-mail using the form at the top right of this page. We’ll get in touch with you as soon as possible.