Carrying a minimum amount of auto insurance is required by state laws, so you can鈥檛 legally drive without it. Yet while the minimum amount keeps your premiums lower, it can also put you at great risk if you have an accident. And after an accident is not the time to find out you鈥檙e underinsured.
When considering the amount and type of coverage you need, remember that numbers can be deceiving. For instance, carrying $100,000 of liability coverage may sound like a lot, and it is. But even that much likely won鈥檛 cover medical costs if you鈥檙e involved in an accident that causes serious injury, especially if multiple people are involved. When you consider medical bills, pain and suffering, lost wages, emotional distress, and residual pain and