MYTH 5 –YOU ONLY NEED THE MINIMUM AMOUNT OF AUTO LIABILITY INSURANCE REQUIRED BY LAW
Almost every state requires you to buy a minimum amount of auto liability coverage. Chances are that you will need more liability insurance than the state requires because accidents often cost more than the minimum limits. In today’s litigious society, buying only the minimum amount of liability means you are likely to pay more out-of-pocket for losses incurred after an accident—and those costs may be steep. The insurance industry and consumer groups generally recommend a minimum of $100,000 of bodily injury protection per person and $300,000 per accident.
Let’s take the myth and mystery out of insurance.
Feel free to contact our agency for a no-obligation review of all your insurance needs.