Is buying more than the minimum coverage requirements necessary?

While you only need to carry minimum requirements by law, a good recommendation is bodily injury protection of $100,000 per person and $300,000 total.

Is it worth it to have full coverage on my car?

Yes, if your vehicle is expensive and you can’t afford to pay for repairs out of pocket. Since minimum coverage insurance doesn’t include protection for you and your vehicle, you should carry full coverage car insurance to pay for your vehicle damages and medical bills.

Why do states require car insurance?

States have put car insurance requirements in place to protect you and your assets. If you are in an accident with another driver, one or both of you must be responsible for the damages caused to both the vehicles and the people. Insurance coverage helps protect you from financial ruin in such situations.

How can I find out the minimum insurance requirements in my state?

You can contact your insurance agent or insurance company to find out the minimum insurance requirements in your state. Alternatively, you can contact your state insurance department, which can provide you with the necessary information.

What types of auto insurance coverage are usually required?

The most common type of required coverage is liability insurance, which covers damages that occur when the accident is your fault and only covers damage to the other party. Some states also require uninsured motorist coverage or personal injury protection.

Should I purchase additional coverage beyond the minimum requirements?

It is highly recommended to purchase additional coverage, such as collision and comprehensive coverage. Collision coverage helps cover damage to your own vehicle, even if the accident was your fault. Comprehensive coverage covers damage caused by non-collision incidents like theft, fire, or natural disasters.

Should car insurance go down as car gets older?

Generally, older cars cost less to insure, but rates depend on various other factors too.

At what point is full coverage auto insurance not worth it?

You can drop full coverage if your annual premium costs more than 10% of your vehicle’s value.

What does minimum liability car insurance cover?

Minimum liability insurance is the minimum amount of coverage you can purchase in your state. Liability insurance pays for damage and injuries you cause in an at-fault accident.

Why would someone choose to pay for more than the minimum amount of insurance required in their state?

Although it costs more, full coverage insurance offers much better protection to both driver and vehicle. The best full coverage car insurance pays for your vehicle repairs after an accident, no matter who was at fault. It can also cover medical bills for you and your passengers in case you’re injured.

state liability requirement | AutoInsurance.org

When to Buy More Than Minimum Auto Insurance (2024)

Most states require a minimum amount of car insurance, but it’s not always the best coverage option. Most state requirements only include liability insurance. Finding the cheapest liability-only auto insurance is easy enough, but it leaves your vehicle without protection. You should buy more than minimum auto insurance if you own an expensive car you…

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Tag: state liability requirement

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When to Buy More Than Minimum Auto Insurance (2024)

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Tag: state liability requirement

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When to Buy More Than Minimum Auto Insurance (2024)

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