What level of liability insurance should I carry if I live and work in a ritzy part of Miami?

I currently live just outside of the popular nightclub scene in Miami, which is where I work. I currently have state-minimum coverage, but it seems a bit low. What level of liability insurance should I carry?

Answer
“The best way to think about it is like this. If you hit a brand-new Lamborghini that costs $350,000, but your coverage is only for $300,000, could you afford to pay that difference out of pocket? If not, you should raise your level of liability insurance.
Bare-minimum car insurance in Florida for your needs likely won’t cut it. You might want to consider 500/1 million/500 insurance, which will cover you for:
  • $500,000 in bodily injury liability per person
  • $1 million in bodily injury liability per accident
  • $500,000 in property damage liability per accident
This will make certain that you have enough coverage if you hit a luxury car or fancy sports car. However, this will be far more expensive than what you’re paying now. Make sure to get car insurance quotes on the free Jerry app to find the price for your needs.”
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Eric Schad
Answered on Apr 22, 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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