Daria- yes that is the same thing as the ratios… Most insurance companies offer different tiers of coverage up to $1 Mill/$1 Mill — there are usually three numbers and they go like this as an example: Bodily Injury Liability (per person/per accident) and the third number is: Property Damage Liability so, if you have 100,000/300,000/100,000 as an example, the Bodily Injury Liability is $100K per person (Bodily Injury Liability coverage) and up to $300,000 per accident and the last number represents the property damage total liability insurance. This is the AVERAGE coverage so the numbers can be LOWER or HIGHER – up to you but you have to decide what is right and it also depends on the vehicle you drive.

Another thing to keep in mind is that you can select Uninsured Motorists (UM) Coverage, this is the amount that will be represented in two amounts: Ie. $100,000 per person/$300,000 per accident – just in case you hit an UM. Then you can pick medical payments for your passengers or the kids your kids will tow around 🙂 Get them a stick 2-seater I say or a small pick up truck. Ha! Hope that answers your question, Daria, and thanks for posting. Your blog, savingtoberich.com is an amazing resource as well!

Thanks!!!