Reviewed by Shannon Martin, Licensed Insurance Agent.
“State-minimum car insurance is never a great idea. Typically, it won’t cover all medical expenses if you’re in a catastrophic accident. That means you would have to foot the bill.
so you aren’t paying out of pocket after an accident. For most individuals, this is a 50/100 policy, though some get more peace of mind with a 100/300 policy. These numbers refer to:
$50,000 or $100,000 for bodily injury liability per person
$100,000 or $300,000 for bodily injury liability per accident
While you could get the minimum to save money, you’re putting yourself at risk of financial ruin. For a few extra bucks a month, moving your coverage limits higher is probably a good idea.”
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.