What is a good amount of liability insurance to have?
Why should I get $100,000/$300,000/$100,000 coverage? Right now I carry Iowa's state minimums and I've never been in an accident.
Answer provided by
Answered on Jul 08, 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.
“Even if you’ve never had to use your car insurance, experts recommend carrying higher than state minimums. This is because state minimums often won’t provide enough coverage for injuries or damages in a major accident.
Having $100,000/$300,000 limits for bodily injury liability makes it less likely that you’ll have to pay out of pocket for another driver’s hospital bills or injuries.
Having a $100,000 property damage liability limit should cover another driver’s vehicle or property. If you’re in a multiple vehicle accident and at fault, it’d also make sure you have enough coverage for all damage done.
It’s normally recommended that you carry the highest amount of coverage you can afford. If you can afford $100,000/$300,000/$100,000, you should consider raising your limits. You can never have too much insurance!”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
What does $50,000/$100,000 and $50,000 mean?
What do these insurance numbers mean? I live in Maine and am looking to switch insurance companies. I want the lowest amount of coverage possible as I need to save money.
Jul 08, 2021
Do driving behavior devices drain your battery?
Will my driving device drain my car's battery? My insurance says I need to keep the device plugged in at all times. My car is older, so I don't want to risk it not starting.
Jul 08, 2021