[PhantomGremlin]

That's including 20 million liability limit

This is the most noticeable difference between US and UK.

Cars here generally have perhaps $300,000 liability, perhaps $500,000. I have $1,000,000 but larger number is covered by an additional "umbrella" policy that includes liability for multiple cars and also my house.

I imagine there are much greater limits for the likes of Bill Gates. But not commonly for the ordinary 99%. Also, despite auto insurance being legally required, probably 10% or 20% don't have it. They don't care, they have no assets, so they're "judgement proof". There are never any serious criminal consequences for this.

Ordinary people can protect themselves against uninsured drivers by adding additional coverage for that to their own insurance policy. In effect, if you have an accident with an uninsured driver, your own policy pays out whatever liability that driver would owe you. This added coverage is not all that expensive.

[_ph_]

Here in Germany, liability limits are usually much higher. 100 million isn't unheard of. The reason certainly is partly advertising, but also because some freak accidents have caused these amounts of costs. A few millions are not uncommon for bad accidents where for example semis with delicate load are involved.

The most severe damage caused so far in a single car accident in Germany is about 30 Million €: https://en.wikipedia.org/wiki/Wiehltal_bridge

Fortunately, they were finally able to repair the bridge and didn't have to completely rebuild it, which would have been vastly more expensive.

[gambiting]

The minimum required from any insurance in the EU is €5M in 3rd party liability, no vehicle insurance can offer less. The ones offering 20/50/100M are doing it mostly for advertising, there's no appreciable difference in cost.