Will my premiums skyrocket if I increase my liability insurance coverage?
I currently have more coverage than the liability insurance requirement in my state, but I want more peace of mind by increasing my coverage limits. Will this cause my rates to skyrocket?
“Since you have more coverage than the state minimum, you have some degree of security. However, increasing your limits to protect yourself from lawsuits or avoid paying out of pocket is never a bad idea.
The good news is that your monthly liability insurance shouldn’t increase too much if you push your limits to 250/500/250, or even into the millions. At most, you can reasonably expect to pay a few bucks more, or up to about $30 a month. But that’s a small price to pay considering an accident could cost you tens of thousands of dollars.
When you shop for car insurance quotes online, play around with the different coverages to find the ideal coverage at the perfect price.”
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.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Read advice from car experts at Jerry
Browse by topics
What others are asking
If I don't have my own insurance policy, how can I drive a rental car legally?
"I know I should have insurance when I drive a car, and I plan on renting a car for the first time next week. How can I make sure I am properly covered? I don't have a car, so I don't have an insurance policy. "
May 06, 2021
In a no-fault state, who will pay for my damages if I'm in an auto accident and don't have insurance?
I live in Florida, a no-fault state. I was in an accident that was not my fault, but my insurance had lapsed. How can I get the other person to pay for the damage to my car in a no-fault state if I do not have insurance?
May 13, 2021
What does uninsured motorist cover in Indiana?
I have uninsured motorist coverage on my policy and I'm wondering what it covers. I know it usually takes care of medical bills and property damage, but would it cover anything else?
May 10, 2021