Personal Lines Insurance Practice Exam 2026 – The Comprehensive All-in-One Guide to Achieve Exam Success!

Question: 1 / 400

In California, what is the minimum financial responsibility requirement for property damage per accident?

$2,500

$5,000

In California, the minimum financial responsibility requirement for property damage per accident is set at $5,000. This amount reflects the state's effort to ensure that drivers have adequate coverage to pay for damages they may cause to another person's property as a result of an accident. Meeting this requirement helps protect both the injured parties and the driver by ensuring there are sufficient funds to cover potential claims related to property damage.

While the other amounts listed may be seen in different contexts or other states, California specifically mandates the $5,000 limit for property damage under its financial responsibility laws. This helps promote responsible driving and provides a basic level of insurance protection for all road users.

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$10,000

$15,000

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