For over forty years Arizona has required individuals to purchase automobile liability policies with limits of $15,000/$30,000/$10,000. When these limits were originally set, the average new car cost less than $4,000. According to Kelley Blue Book, the average cost of a new car today is approximately $33,000. The cost of health care has also increased substantially over the last forty years, contributing to increased settlements and judgments in personal injury cases. Many attempts have been made to increase Arizona’s minimum automobile liability coverage limits over the years.
