Do I really need higher liability coverage when I am trying to save money on my policy?

I am currently with State Farm, but I feel like I am paying too much money for insurance. I have a quote from The General and it is so much lower! My State Farm policy has limits of 100/300/50 and The General has 25/50/25, but does that matter?

“The short answer is yes, it matters, and it matters a lot!
It is important to save money on your insurance policy; however, it is just as important for the policy to protect you properly.
The limits that State Farm is giving you will help you in most situations.100/300/50 means if you are found at fault for an accident, they will pay up to $100,000 per person and up to $300,000 per accident for bodily injury liability and up to $50,000 for property damage liability.
The General is only providing bodily injury liability coverage of $25,000 per person and up to $50,000 per accident, and then up to $25,000 for property damage.
The average cost of hospitalization from a car accident is $57,000, and the average cost of cars on the road is around $33,000 in America. The difference the insurance company doesn’t pay comes out of your pocket!
It is good to shop around for cheap car insurance; just make sure you keep the limits that will properly protect you and your family.”
Shannon Martin
Answered on May 06, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.

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