"How do I know when it is time to increase my car insurance coverage? "

I have had the same insurance and policy coverage since I was 16. Now that I am turning 30, I wonder if I need to make any changes to my policy. I have state minimums and have never been in an accident.

“A good rule of thumb is to re-evaluate your policy anytime there have been life changes. This can mean getting a new car, buying a house, getting a new job or promotion, or simply hitting a milestone birthday.
Since a car insurance policy protects your assets as well as your car, now would be an excellent time to make some changes.
It would be best if you increase your liability coverage to above the state minimum. The recommended limits for most people are 100/300/50. If you have maintained a good driving record this whole time, you will be pleased to see how little your premium changes.
If you own a house or have a retirement plan, you should try to have limits at or slightly above your total asset amount.
If you are part of an alumni association or professional clubs, check with your carrier to see if you are eligible for any additional discounts.”
Shannon Martin
Answered on May 12, 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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