How Much Car Insurance Coverage Do You Really Need?

Car insurance is a necessity, but it’s not one-size fits all.

So, how much car insurance do you truly need?

And are there any optional coverages that are recommended?

The cornerstone of this is liability coverage, which doesn’t actually protect your ride.

Here’s the catchin some states, the minimum bodily injury limit can be as paltry as $15,000.

But a serious smash-up can easily rack up medical expenses that blow past that number.

How much coverage is enough?

So, how do you determine if you’ve purchased adequate car insurance?

Begin byconsidering your net worthand the frequency of your driving when deciding on your auto policy’s liability limits.

Let’s say you rear-end another vehicle, injuring the driver and passenger.

It’s essential to remember that car insurance is designed to protect your financial security.

These policies bolster liability protection for both your car and home, typically in $1 million increments.

What if your car gets totaled, and you need $20,000 to replace it?

This is when full coverage car insurance could be worth considering.

“Full coverage” typically refers to a policy packing liability coverage plus collision and comprehensive protection.

These two coverages pay for damage to your vehicle, regardless of who’s at fault.

If it’s possible for you to swing it, opt for higher limits.

Take advantage of discounts for being claim-free or a good student.

Shop around and compare rates every one to two years to snag the best deal.

Increase your deductible to lower your monthly payments.