Is a 50/100/50 liability insurance policy too much coverage?

I'm a 26-year-old man and I'm buying my first car. I was looking at policies, and I thought I should get more than just minimum liability coverage. But is 50/100/50 liability insurance too much coverage if I just go to work and come home?

“If anything, a 50/100/50 liability insurance policy is too little coverage.
Just think about it. A few days in the hospital can easily cost $100,000, while new cars often go for $50,000 or more. You might want to consider a 100/300/100 or 250/500/250 policy. For just a bit more money per month, you can protect yourself from financial duress in the event of an accident.”
Eric Schad
Answered on Apr 28, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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