How do you decide what limits of car insurance you should get?

My personal assets are starting to increase, and I read that you should have insurance coverage that will protect that. I do live in an area with expensive cars, so I'm wondering if I should increase my insurance coverage. I think I can afford higher limits and have never been at fault in an accident.

“Deciding on the proper level of coverage for your vehicle depends on many factors, including what you personally can afford. If you can afford higher levels of coverage, then you should definitely consider increasing your limits. You can never have too much coverage.
Typically, most experts recommend at least $100,000 per person and $300,000 per accident for bodily injury liability and $50,000 to $100,000 per accident for property damage liability.
The best thing to do is price out the increased coverage. You can consult with your current car insurance carrier to see what the price will be to increase your limits.
Even if you can afford the rate, you should look at other carriers to comparison shop. You may be able to find increased coverage for a lower rate than what your current carrier is offering.
Emily Maracle
Answered on Apr 30, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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