The term 100-300 auto insurance refers to bodily injury liability coverage. This protection is often required when leasing a vehicle or may simply be desired as a high amount of coverage.

The numbers “100-300″ represent, in thousands, the amount money that would be paid out for bodily injuries sustained by other parties as a result of an automobile accident caused by the policyholder.

• The first number “100″ indicates that a maximum of $100,000 will be paid out on a “per person” basis for their injuries.
• The second number “300″ indicates that a maximum of $300,000 will pay out as a “total per accident” in the event of multiple injured people.

Usually there is a third number that follows the first two numbers; for example 100-300-50. The third number signifies, in thousands ($50,000), the maximum amount of coverage pay-outs for damages caused to other vehicles (not the insured’s) as a result of an at-fault accident. Learn more about auto liability insurance details.

There may be multiple situations which may require one to obtain 100-300 auto insurance such as vehicle leases. Take a look at the article about car insurance coverage for leased vehicles for a more detailed explanation.

Other situations where this type of coverage may be required is when:

• homeowners desire sufficient protection to protect their assets;
• an occupation requires it as an employment requisite;
• landlord requires parked vehicles to obtain higher coverage;
• an insured simply wants a high amount of liability protection.

State laws usually require well below these limits. For example 15-30-10, each number representing the same as indicated above.

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