For more information on financial responsibility requirements, visit the Arizona Department of Transportation's mandatory insurance FAQ page. Remember that each policy is different for each company. For specific information about your policy or coverage, contact your insurance agent or company directly. I) Minimum coverage of two hundred and fifty thousand dollars and coverage for uninsured motorists of at least two hundred and fifty thousand dollars issued by an insurer that has a valid certificate of authority or that is authorized to take out insurance for excess lines in this state.
Uninsured motorist coverage (UM) and underinsured motorist coverage (UIM) pay your medical bills and property damage expenses if you are involved in an accident with a motorist who does not have any (uninsured) automotive liability insurance or with a motorist whose automotive liability coverage is not sufficient to pay the full amount of the expenses (underinsurance). And you're probably thinking that this is just another way for big and bad insurance companies to keep your hard-earned money and charge you more in your insurance premiums. You can contact the customer service department of your insurance agent or company to find out about any possible changes in your premium. B) In a vehicle with a seating capacity of less than sixteen passengers, including the driver, but more than eight passengers, including the driver, a minimum coverage of seven hundred and fifty thousand dollars and coverage for uninsured motorists of at least three hundred thousand dollars.