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?"

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Emily Maracle
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.”
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