While you have faithfully been renewing your auto insurance coverage, it’s time to look back to see whether you are carrying adequate coverage to protect you when accidents happen. Being underinsured can cost you financially when the unthinkable occurs. And it’s not a good experience when you have been paying premiums, only to incur out-of-pocket expenses when perils strike.
While we all make errors, the mother of all mistakes is failing to correct blunders while we still have time. For this reason, Client First Insurance Solutions of Americus, GA has taken time to guide you on how much auto insurance you should carry before it’s too late.
Satisfy the state-required minimums
The first step in determining the amount of auto insurance you need is to ensure you cover the minimum requirements by your state. This compliance ensures you don’t incur unnecessary fines and penalties for non-compliance.
How much liability insurance do you need?
Georgia requires all drivers to buy at least $25,000 bodily injury coverage for one accident. But is this amount enough? A severe accident costs about $50,000 in medical expenses. Add property damages and lawsuits, and the expenses can be extremely prohibitive.
For this reason, increase your liability coverage if you drive frequently or live in an accident-prone area. Better yet, you can invest in umbrella insurance to protect yourself when faced with significant liability claims.
Comprehensive and collision coverages
These coverages protect your car from physical damages or losses from numerous perils. But how much coverage should you buy? At the minimum, you need enough coverage to replace your vehicle if a total loss were to occur.
The bottom line
When you carry the right amount of car insurance, you don’t have to worry about repairs, legal suits, and replacement costs when accidents happen. However, determining the right amount of auto coverage isn’t cut and dry. As such, you need a knowledgeable insurance agent to bail you out.
Fortunately, if you are in Americus, GA and its environs, you can partner with Client First Insurance Solutions for all your auto insurance needs.