The table below shows the minimum financial responsibility required of certain commercial motor vehicles by state. Some requirements are expressed as a split limit, some as a combined single limit, and some include both options.
If the chart shows “50/100/25”, the law requires the policy to provide at minimum $50,000 for bodily injury to each person, $100,000 for all bodily injury, and $25,000 for property damage for each accident. A combined single limit requirement of $100,000 means that the law requires a vehicle to carry a policy that will pay up to $100,000 for all bodily injury and property damage for each accident.
Many state regulations adopt and point to the Code of Federal Regulations found in 49 CFR 387- Minimum Levels of Financial Responsibility for Motor Carriers. Those states either adopt the federal regulations in full, or with limitations.
States vary widely on the type of requirements they may have for commercial motor vehicles. States may have requirements for motor carriers, vehicles carrying passengers, livery vehicles or taxis, transportation network company drivers, vehicles carrying property, vehicles carrying hazardous materials, requirements based on the vehicle’s gross vehicle weight rating (GVWR), or other miscellaneous vehicles.