What are the differences between 50/100/50 vs 100/300/100 insurance coverage limits?

Answer 1

The main difference between 50/100/50 and 100/300/100 insurance coverage limits is the amount of coverage provided for bodily injury and property damage.

In a 50/100/50 policy, the coverage limits are 50,000 for bodily injury per person, 100,000 for bodily injury per accident, and 50,000 for property damage per accident.

In a 100/300/100 policy, the coverage limits are 100,000 for bodily injury per person, 300,000 for bodily injury per accident, and 100,000 for property damage per accident.

Essentially, the 100/300/100 policy provides higher coverage limits compared to the 50/100/50 policy, offering more financial protection in the event of an accident.