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How Much Auto Insurance Coverage Is Enough?

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Answer Provided by Our Experienced Car Accident Lawyer

Protecting yourself on the road not only means adequately maintaining your car and putting on a seatbelt, but it also means having sufficient coverage in all the required areas. Most states have minimum car insurance requirements in order to protect their drivers better. Driving without insurance in such states could have severe consequences for the driver such as suspension of their driver’s license, fines, and tickets.

Nearly all states require you to purchase a minimum amount of liability coverage. There are, however, high chances that you might need more liability insurance than required by the state because car accidents often cost more than these minimum limits. If you are found to be legally liable for bills that exceed what is covered by your insurance, you will be forced to cover the difference from your own pocket. Such costs could destabilize your finances!

Even though the minimum limits serve to protect the drivers by making sure that everyone has insurance coverage, we have seen that there are numerous circumstances where they are simply not enough. For you to be protected as much as possible in case of an accident, below are some points for every driver to consider before buying car insurance:

  • Liability: Just as a general rule, every driver should carry enough liability coverage to protect their assets. In case you are found at fault in a crash, and your liability limits are not enough to cover the injured individual’s hospital expenses, they might come after your assets in order to cover the difference. If you have a high income, are a home owner, or own any other assets, you should definitely consider increased liability coverage levels. You could consult with your car accident lawyer on the amount of liability coverage to purchase.
  • Comprehensive and collision: Comprehensive and collision coverage is required if you are still paying a car on loan or are driving a leased car. Comprehensive coverage covers all kinds of non-accident damages to your car – for instance, hail and fire – while collision coverage protects you in case of a crash involving another car or hitting an inanimate object.
  • Uninsured motorist: Even though a lot of states necessitate minimum levels of car insurance, this doesn’t imply that there are no uninsured drivers on the roads. You will be surprised to know just how many uninsured drivers use our roads. Even though it might not be compulsory, it is wise for you to have uninsured motorist coverage. This type of insurance will have you covered in the event that you get involved in a car accident with an at-fault driver who doesn’t have insurance or doesn’t have the sufficient levels of insurance to settle the injuries or damages caused. Your uninsured motorist coverage ought to at least match the limits of your liability.

As a responsible driver, you should have car insurance coverage that is either equal to or more than the minimum limits set by your state. Auto insurance coverage can be very confusing and complicated. Sadly, the downsides of insufficient automobile coverage only become clear after a car accident results in injuries to the drivers themselves or the people they love. By the time this is happening, it is too late for them to make sure that they have the enough coverage they need. If you or your loved one has recently been involved in an accident and would like to have your case looked into by a skilled car accident lawyer, give us a call. If you sustained any injuries or damages from the accident, you might be entitled to compensation, and it is only through hiring a good car accident lawyer that you will be able to win your settlement claim.

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