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?

Answer
“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.”
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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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