Depending on your vehicle's worth, your lifestyle, and other factors, you'll likely want more
coverage than the state minimum requirement.
Our analysis was based on a thirty year old single male driver for a policy with slightly wider
coverage than the state minimum requirements.
This is true for all of the coverages, shoppers are just unable to go any lower on the required
coverages than the state minimums.
Not exact matches
In every city, the cost of getting full
coverage was more
than double the cost of basic,
state minimum coverage.
The amount of
coverage we opted for gave our driver bit more
than what is required of
state minimums.
You'll likely want to find much greater
coverage than this, as most
states require more for just
minimum coverage.
@BrianHall: To be clear, the numbers you give are in line with many
state minimums for liability
coverage, but most car insurance companies do push higher
coverage limits (commonly 250K / 500K / 100K for per person / per incident person cap / per incident property damage), and the incremental cost of the higher
coverage is often much less
than the cost of the basic
coverage (it's not paid out often, and electing it demonstrates responsibility, which they like in their insured).
Commercial vehicles must also carry a
minimum amount of liability
coverage, which is established by
state regulations and the Federal Motor Carrier Safety Administration (FMCSA) and is higher
than for personal vehicles.
Also, if the person who hit you has the
state minimum limits of $ 25,000 but your medical bills and / or your injuries are worth much more
than that, you can seek compensation from your underinsured motorist
coverage.
Most experts recommend purchasing more
than the
minimum; however, you need at least enough
coverage to cover your assets, and purchasing the
state minimum is generally only enough to keep you driving legally.
But it's often wise to purchase more
than your
state's
minimum coverage to be adequately protected.
However, leasing companies typically require you to purchase a more expensive plan
than one with only the
minimum coverage requirements in your
state.
If you choose to buy liability
coverage that is higher
than the
state minimum of 25/50/25 — a good idea, we think — you no longer have the option of declining uninsured and underinsured motorist bodily injury
coverage.
Many individuals in the United
States have health
coverage today that is already recognized as
minimum essential
coverage and will not need to do anything more
than continue the
coverage that they have.
If you want the
minimum coverage required by your
state, your quote will be less expensive
than it would be if you wanted higher limits of liability with added comprehensive and collision
coverage.
The more
coverage you have the less likely you are to run into this issue, which is why most agents recommend liability limits at least one step higher
than the
minimum required to be legal in your
state.
If you go with just the
state minimum property damage
coverage of $ 25,000 and hit a car and it costs more
than $ 25,000 to fix it, you're on the hook for the rest of the bill.
But what if you want more
than the
state minimum coverage, and still want to save money?
Additional
coverage types and higher
coverage amounts provide more protection
than the
state's
minimum requirements, which may or may not be enough to cover the full costs of an accident.
In most
states,
minimum insurance laws require that drivers only purchase liability
coverage, rather
than a more comprehensive policy.
Of course many drivers in Kentucky elect to carry more
than the
state minimum car insurance level of
coverage and our attorneys highly recommend that you do the same.
But without knowing the
state's
minimum coverage levels for car insurance, you could be exposed to more calamity
than you bargained for.
Her best quote for 30/60/25
state minimum coverage: $ 44 per month when she pays her premiums up front (that's cheaper
than paying month to month, which often includes a down payment plus installment fees).
While auto insurance is required by law in New York
state with
minimums of 25/50/10 (which means $ 25,000 bodily injury
coverage, $ 50,000 death
coverage, and $ 10,000 property damage
coverage), you'll quickly find that you might need more
than just these
minimums if you plan on driving in Buffalo.
(Three notes: The
minimums required still vary by
state and we didn't include New Hampshire, because even though it doesn't mandate insurance, you have to buy more
than just liability
coverage if you choose to buy insurance.
The amount of
coverage we opted for gave our driver bit more
than what is required of
state minimums.
The
state of Nevada has increasing medical costs so carrying more
than the
minimum coverage is always good idea.
You may want to get a little more
coverage than the
minimum required by law (which varies by
state), but you probably don't need that extensive strategy the firm is trying to sell you.
The set limit for insurance in MI is 20,000 / 40,000 / 10,000 and although that is the
minimum drivers in the
state normally get more
than the
minimum coverage since Michigan can have severe weather during the winter season.
Minimum coverage limits and your deductibles — you may be required to carry higher limits than state minimum c
Minimum coverage limits and your deductibles — you may be required to carry higher limits
than state minimum c
minimum coverage
It is better to have the
state minimum coverage than to have no insurance at all.
In many
States, when an issuer calculates the group's
minimum participation rate, the issuer includes employees who enroll in
coverage through sources other
than the group health plan being insured.
Many companies opt for more
than state -
minimum coverage.
Many drivers in the
state choose to carry more
than the
minimum levels of liability
coverage, because more serious car accidents can result in damages far exceeding the
state - mandated
coverage thresholds.
The amount of
coverage we gave the driver was also a bit better
than state minimums.
The
state of Hawaii advises that its residents carry more
than minimum coverage to pay for damages as the costs of doctor's bills and repairs can surpass the
minimum liability mandated by the
state.
Minimum coverage requirements vary by
state; maximums depend on what the insurance company is willing to offer, which is usually no more
than $ 25,000.
Here's why you don't want to skimp on liability to pinch a few pennies: The cost of a car accident can be much higher
than what your insurance will pay out if you have only the
minimum coverage mandated by
state law.
More
Than the
Minimum Your inclination might be to get the minimum insurance coverage required by law in your
Minimum Your inclination might be to get the
minimum insurance coverage required by law in your
minimum insurance
coverage required by law in your
state.
You'll see in the chart below that hiking your
coverage to liability limits of $ 50,000 per person ($ 100,000 per accident), and $ 50,000 for property damage costs less
than the lower
state minimum limits.
The
state of Nevada has
minimum requirements for
coverage, but many drivers choose to include more
than the
minimum for liability insurance because so many accidents end up costing mush more
than what
state -
minimum coverage can pay for.
You'll see below that hiking your
coverage to liability limits of $ 50,000 per person ($ 100,000 per accident), and $ 50,000 for property damage costs less
than the lower
state minimum limits.That's because in some instances insurance companies take into account the amount of
coverage you had prior to buying or renewing your policy.
If you are driving in a
state that requires lower liability limits
than your home
state (like the reverse of the scenario just mentioned), your insurance policy will not decrease to meet that
state minimum but rather provide the maximum
coverage on your policy even if it is more
than what the
state you're visiting requires.
GEICO knew what the
minimums were in my
state and the dropdown to choose my
coverage level didn't offer me less
than that.
The term «
minimum limit» means that the
state establishes a certain amount of
coverage that drivers are required to carry and no one is allowed to carry less
than that.
Definitely consider buying more
than the
state auto insurance
coverage requirement
minimum to protect your assets, such as your home and savings.
While it isn't needed for drivers in the
state or Arkansas to carry more
than the
minimum coverage, it is generally recommended that Arkansas residents also carry collision and comprehensive cover particularly if they are driving a newer vehicle.
All
states, other
than Virginia, require resident drivers to have a
minimum amount of vehicle insurance
coverage (known as compulsory insurance).
But these
minimums represent much
coverage than most drivers in Breckenridge and across the
state choose to carry on their vehicles.
And while drivers must have liability car insurance with
minimum required limits in almost every
state, it's often a good idea for drivers to purchase more
coverage than the law requires.