is that accurate? Here in Germany minimal Kfz-Haftpflichtversicherung is I believe 7 million in personal injuries and 1 million in property damages. So if a broke guy in the US runs you over and causes you half a million in health damages, puts you out of work and totals your car you'll get 30k from their insurance? How can you legally let people on the road like this

Yes, it is accurate. Welcome to USA!