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Is there any downside to having too much car insurance coverage?
I was shopping around for insurance, and through my new provider I increased my liability from 250/500/250 to $1 million across the board. Is there any downside to having too much coverage?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“There’s never any downside to upping your coverage. The only thing you should consider is whether or not you can afford it.
Even if you end up paying more per month, it might save you from financial ruin if you’re in a catastrophic accident.”
View full answer
- Gregory R.
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