Lawmakers approve higher auto insurance minimums
Created: June 19, 2008 03:46 PM    
Modified: June 19, 2008 05:19 PM


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The Louisiana Legislature has approved a bill to raise auto insurance rates in 2010 for more than one million motorists.

The bill, approved by an 84-6 vote, would increase the minimum liability coverage required for drivers. It now goes to Gov. Bobby Jindal, who has not taken a public position on the bill.

Louisiana law now requires car and truck owners to have "10-20-10" minimum motor vehicle liability coverage: $10,000 coverage for damage of other people's property, $20,000 coverage for injury or death to more than one person in an accident and $10,000 coverage for injury or death to one person.


The bill changes the levels to "15-30-25" on Jan. 1, 2010 -- $15,000 coverage for damage of other people's property, $30,000 coverage for injury or death to more than one person in an accident and $25,000 coverage for injury or death to one person.

Supporters said current liability minimums do not cover today's medical and replacement costs. Opponents said the higher minimums will cause people to drop their liability insurance because they can't afford the premiums.

The Associated Press contributed to this report

 

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