“This is a great question! Yes, the limits you are currently carrying are higher than average. The recommended limits for most people are 100/300/50 because this is affordable and will cover you for most accidents. But it might not fully cover you for all accidents.
No one wants to think that they can cause a catastrophic accident, but it happens. The average cost for a new car is around $37,800. You currently are carrying $100k for property damage
. If you cause an accident that totals two cars, you are most likely fully covered. If you have the average limit of $50k, you would have to pay around $25,000 out of pocket.
The cost of health care is always on the rise, so having more than the average bodily injury liability
insurance coverage is a good idea as well.”