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How Much Liability Insurance Do I Need?

In most states you are required to acquire liability car insurance that meets the state minimum demands. Accidents often cost more than what the minimum mandatory state limits are. If the damages in an at fault accident exceed more than the coverage limits on your policy, you are responsible for the difference. This can be financially devastating. Taking out coverage limits which are higher than the state minimum are advised because of this factor. Discussing your individual financial situation with your agent is essential to deciding how much liability insurance you should have on your policy. A good general rule of thumb is to carry $100,000 per person for bodily injury and $300,000 per accident. Every person has a unique situation, so it is always important to discuss this with your agent. Some people decide to purchase umbrella policies for additional liability insurance. For an additional $200.00 to $300.00 dollars per year, you can usually acquire a million dollars in coverage. An umbrella policy is especially important for individuals that need to protect more assets.
Car Insurance Rates
When it comes to the amount of liability coverage you will find that for just a few dollars more per month most car insurance companies will offer twice the amount of liability coverage.  This is why it is always important to educate yourself and ask questions.  Simply compare the difference in cost to see if it is worth the extra expense of having twice the amount of coverage.  Learn more about how to find cheap car insurance