BATON ROUGE, La. (AP) - Auto insurance rates will rise Friday for more than 1 million Louisiana motorists as a law increasing the requirement for minimum liability coverage goes into effect.
Many drivers are expected to be caught off-guard because insurance companies weren't required to notify policyholders.
Louisiana law currently requires car and truck owners to have at least "10-20-10" liability coverage. That's $10,000 coverage for injury or death to one person in an accident, $20,000 for injury or death to more than one person and $10,000 for damage of other people's property.
The new law changes the levels to "15-30-25."
Richard Piazza of the Louisiana Department of Insurance says the average minimally insured policyholder will pay about $71 more a year.
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