Call Us 336-627-7037 ☰ ˟
336-627-7037
Logo
  • Home
  • Get A Quote
    • Automobile
    • Business & Commercial
    • Homeowners
    • Flood
    • Motorcycle
    • Watercraft & Boat
  • Customer Service
  • Claims
  • Blog
  • Make A Payment
  • Resources
    • Secure File Area
    • Insurance Glossary
    • Refer a Friend
    • Document Library
  • Commercial
    • Garage Owners
    • Contractors Insurance
    • Workers Compensation Insurance for North Carolina
    • Commercial Auto Insurance
    • Commercial Property Insurance
    • General Liability Insurance
    • Cyber Liability Insurance
  • About Us
    • About Us
    • Location Map
    • Employee Directory
    • Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > Why Should I Purchase More than the State Required Minimum Limits of Auto Liability?
TUESDAY, JULY 15, 2014

Why Should I Purchase More than the State Required Minimum Limits of Auto Liability?

Why should I purchase more than the state required minimum limits of liability coverage?

 

Most states require car owners to carry auto insurance, and most have a required minimum limit of liability insurance that drivers must purchase.   Many people choose to purchase the minimum state required limits in order to save money on their insurance.  Bad idea!  As a rule, these minimum required limits are often way too low to protect individuals in the event of a serious accident.

                                                                                  

An auto insurance policy includes several different kinds of coverage.  The coverage that is required by state law is liability.  Liability is what protects you if you are found to be responsible or “liable” for an accident and are forced to pay damages to the injured party. This includes liability for bodily injury and property damage. The minimum that you are required to carry varies by state, but that minimum would likely not be enough to protect you and your assets if you were to be involved in a serious accident.   With today’s escalating costs of medical care, it would not take long to deplete a bodily injury limit of $30,000 per person.  What if more than one person is injured?   Hospital bills and medical expenses for more than one person could be well over the policy limit. 

 

So how do you know how much insurance you need?  The amount of liability coverage you carry should be high enough to protect your assets in the event of an accident.  Add up the dollar values of your house, your cars, your savings and investments and that will give you a good idea of what liability limits you need to purchase.  Remember, insurance companies are only obligated to pay damages up to the limit of coverage that you purchase.  If damages exceed the limit of liability on your auto policy, then you are responsible for paying the difference out of your own pocket.   

 

 

 

 

 

 

Posted 11:15 AM

Tags: auto liability limits, how much liability insurnace do i need?, liability, limits, auto insurance, cheap auto insurance, auto insurance in greensboro, auto insurance in eden
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

  • auto insurance(7)
  • car insurance(6)
  • north carolina(3)
  • nc(3)
  • affordable(3)
  • eden(2)
  • automobile(2)
  • hurricane preparedness(2)
  • homeowners insurance(2)
  • hurricanes(2)
  • car(2)
  • renters insurance(2)
  • cheap car insurance(2)
  • business insurance(2)
  • cheap(2)
  • home insurance(2)
  • burlington(2)
  • auto(2)
  • insurance(2)
  • chapel hill(2)
  • cyber liability(2)
  • raleigh(2)
  • motorcycle insurance(2)
  • safe grilling(2)
  • cheap auto insurance(2)
  • greensboro(2)
  • homeowners(2)
  • cars(2)
  • secure my financial data(1)
  • barbecue safety tips(1)
  • how to secure my ss number(1)
  • frozen pipes(1)
  • low down payment(1)
  • eden motorcycle insurance(1)
  • rockingham insurance agency(1)
  • burglary(1)
  • borrowed car(1)
  • fun facts about thanksgiving(1)
  • bad record(1)
  • deck(1)
  • wife(1)
  • rockingham county autism 5k 1k fun run(1)
  • 941(1)
  • homeowners insurance reviews(1)
  • dwelling(1)
  • tree damage from storms(1)
  • good grades(1)
  • 944(1)
  • barbecue(1)
  • do i need cyber insurance?(1)

View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment Options Report a Claim
About Us Refer A Friend Our Carriers Blog Contact Us
Location
202 N Van Buren Rd, Suite C
Eden, NC 27288

Phone: 336-627-7037
Email Us
Social Social Social
© Copyright. All rights reserved.
Powered by Insurance Website Builder