There are a lot of choices to make when it comes time to purchase auto insurance. You want to make sure that you're able to drive safely and with confidence and having insurance can help with that. As you begin to look at coverage options for a new policy, you may be wondering if it's a safe bet to go with only the minimum auto insurance coverage for your state. While this may work for some drivers, it may not work for all. Keep reading to learn more:
Is Purchasing Minimum Auto Insurance Limits Good Enough?
Every state has its own set of minimum coverage requirements in place. You won't be able to buy coverage that is below the minimum. But, what about if you buy coverage that meets the minimum? It all depends on a variety of factors, including your driving risk, the type of car that you have, whether your car is paid off, the age of your vehicle, and how prepared you want to be in the event of an accident. Sure, you may be able to buy only the minimum coverage, but it may not be the safest bet.
What Can Happen if You Don't Purchase More Than the Minimum Coverage?
Your auto insurance may not cover you in all situations, and you may be in a tough spot. State minimum coverage requirements vary, but it typically does not protect drivers in all accident situations.
In many states, uninsured motorist coverage is not required. That means if you didn't carry this coverage and you were involved in an accident that was caused by an uninsured motorist, you may need to take the other driver to court to pay for damages. Another coverage option that many states don't require that drivers carry is personal injury protection insurance. If you or your passengers are injured after an accident and you don't carry this coverage, you may be responsible for the medical costs associated with the incident.
These are just a couple of examples that highlight the need to consider purchasing more than just the minimum coverage that your state requires.
While you may pay a bit more for your monthly premium to add extra coverage, it could save you a lot of money and stress later on. If you're unsure what kind of coverage is best for you, reach out to an auto insurance agent. They can help you assess your personal situation to figure out what kind of policy might be best for your needs.