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Do I need to raise my liability limits to $2 million?

I currently have $1 million in liability coverage. Should I raise that to $2 million? How likely is it that I'd ever need that much coverage?

avatar
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You can never have too much
car insurance
. If you can afford to raise your
liability car insurance
coverage, you should.
Since you already have a high coverage limit, the difference between what you’re charged for $1 million and $2 million shouldn’t be significant.
While it may seem unlikely that you’ll ever need that much liability coverage, medical costs can add up. This is especially true if there are multiple people involved in an accident. It’s better to have the protection and not need it than to not have it at all. “
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