You should carry the highest amount of liability coverage you can afford with 100300100 being the best coverage level for most drivers.

What should my car insurance limits be. Car Insurance Terms Explained Deductible. Insurance experts generally recommended that you purchase 100300 limits of bodily injury liability meaning 100000 for one person in an accident and 300000 for. Say your state requires you to carry 15000 in property damage liability coverage and you cause an accident that results in 35000 worth of damage.

This is often either 250 500 or 1000 but it can be more or less depending on the options that your insurance company offers. To keep things simple it is recommended to keep the same deductibles on all your vehicles. In Ohio for example the states minimum insurance requirements include 25000 for the injury or death of one person 50000 for the injury or death of two or more people and 25000 for.

You can get additional coverage with a Personal Umbrella or Personal Excess Liability policy. 25000 of bodily injury coverage per person injured in an accident 50000 of total bodily injury coverage per. State minimums dont provide enough coverage for most people to ensure they are protected in case of an accident.

With insurance costs going up many people are increasing their deductibles to 500 on comprehensive and 1000 on collision. 52 rows Your car insurance company might not allow liability limits high enough to cover. Zero deductibles are on the endangered species list because very few insurance carriers offer no deductible.

You may need to carry additional coverages to protect your. Collision insurance comes with a deductible and a maximum limit. If you have a million-dollar house you could lose it in a lawsuit if your insurance coverage is insufficient.

Most experts recommend a limit of at least 100000300000 but that may not be enough. By requiring an insurance policy with high coverage limits the lender is protecting your car which under the terms of the loan is legally considered their asset until you pay it off. What level of insurance should I get for my car.