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?
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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
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
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