How much insurance should I carry on my 2007 Toyota Highlander?
"I currently carry the state minimums in California. I own a house, but don't have any other assets. Should I raise my coverage limits? Is there a better amount to carry?"
Answer provided by
Answered on Jul 27, 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.
“While you currently may not have many assets, having proper car insurance coverage also protects your future assets. Carrying California’s state minimum car insurance likely wouldn’t protect your home.
Car insurance experts recommend carrying the highest amount of coverage you can afford. A good place to start is $100,000/$300,000 coverages for bodily injury liability.
If you’re unable to afford that level of coverage right now, that’s okay. You should continue to increase your insurance coverage as it fits within your budget.
You should also look into other carriers. While you may not be able to afford higher coverage limits with your current carrier, you could find it elsewhere. You can never have too much car insurance. Being properly insured secures your finances and vehicle in the event of an accident or damage.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Why is car insurance required in most states but not emergency gear like spare tires?
"If car insurance is supposed to protect you in the case of an accident, why are other emergency preparedness features not considered mandatory? It seems like they both fall under the category of "in need of emergency."
Jul 27, 2021
Why do I have to pay more for my homeowner's insurance because I have a dog?
Is there a way around this extra charge from my homeowner's insurance for my dog? I just switched to Liberty Mutual a few weeks ago and after the home inspection they increased my rate $75 per month because of my pit bull. Bacon Bit is a good dog with no bite history; I really think this is unfair. Is there a way around it?
Jul 27, 2021
What happens if I get caught driving before I have a license?
What kind of trouble will I get into if the police pull me over for driving without a license? I want to practice my driving, but my parents never have time to take me. I know I am a pretty good driver from the few times they have let me drive, but I want to get more practice time in. I don't think I will have an accident but what would happen if I get caught?
Jul 27, 2021