How much liability insurance do I need in Kentucky if I have have few assets and a good driving record?

KY minimum liability limits are 25/50/10. This is what I have. No tickets or accidents in five years, no house, no business. Why should I pay for more coverage?

Answer
“Even without significant assets, you should consider keeping sufficient liability coverage limits to protect yourself in the event of a catastrophic accident.
Most agents will likely recommend keeping limits of $100,000 per person and $300,000 per accident for bodily injury liability, and at least $50,000 for property damage liability per accident.
Although some will advise lower limits, reasoning that you have limited assets, this reasoning is flawed and fails to consider that the amount of damage caused in an accident is not dependent upon your accumulated assets or your ability to pay.
Compare the cost of increased limits with multiple insurance companies to get the best price, and increase your limits as soon as you are able to.”
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Shannon Martin
Answered on May 14, 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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