Am I over-insured with 100/300/100 coverage now that I'm a better driver?

When I was younger, I was in several car accidents. When I bought my own insurance policy, I made sure to get the highest coverage I could afford, which was 100/300/100. I haven't had an accident in a while and I'm a better driver. Should I lower my limits now?

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Shannon Martin
Answered on May 06, 2021
“It is great that your driving has improved over the last few years! While you would think that being a safer driver means you can have lower limits, that just isn’t the case.
Liability coverage is not usually the expensive part of the insurance policy. If you lower your limits, you might not save enough money to justify the increased financial risk. While your driving has gotten better, accidents happen to good drivers every day.
The recommended limits for most drivers are 100/300/50. Lowering your property damage liability from $100,000 to $50,000 might not even save you $10 a year.
It might be time for you to shop around for cheap car insurance while keeping your preferred limits.
An intelligent AI-based tool like Jerry is the easiest way to find a car insurance policy that is customized for you. Jerry shops rates with over 40 carriers at once and will even help you switch policies when you are ready. “
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