Written by: Emily Joswiak • March 8, 2023• Auto

Reasons To Consider Higher Auto Insurance Coverage

Learn what factors you should be aware of when thinking about increasing your auto insurance coverage, including safety and financial protection.

When buying auto insurance, the most important decision is how much coverage you need. The more coverage you have, the better protected you are financially in the case of an accident.

With higher coverage come higher premiums, so it’s important to weigh your options carefully and ensure that any extra coverage is worth the additional cost. Let’s look at some reasons to consider higher auto insurance coverage and whether it’s right for you.

Have Additional Protection Against Liability

The primary purpose of auto insurance is to protect yourself against liability if you cause an accident. Standard liability insurance typically covers up to $50,000 per person injured in an accident and up to $100,000 total liability per accident. If damages exceed those limits, you’re personally responsible for paying out of pocket for anything beyond what your policy covers. This can easily happen if multiple people suffer injuries. That’s why considering higher auto insurance coverage makes sense. It provides additional protection against liability should a serious accident occur.

Get Protection From Uninsured Motorists

Unfortunately, not everyone has adequate car insurance coverage. If you get into an accident with an uninsured driver, you may not get enough money through their policy or personal assets to cover all your damages. Higher auto insurance can protect motorists by covering repairs that would otherwise come out of pocket or by awarding additional compensation should someone else cause an accident while driving without adequate coverage.

Ensure Your Passenger’s Safety

If you’re frequently driving around passengers, such as family or friends, you want to ensure you can cover them in case of an accident. Higher auto insurance coverage gives your passengers adequate protection in terms of medical expenses should they get injured. It also helps with property damage. For example, suppose you have an elderly patient or someone in your family that uses a wheelchair. In that case, higher insurance coverage makes sure you get the most out of your wheelchair van and can replace it in the event of a serious accident.

Financial Security After an Accident

Even if you don’t need to use it, having higher auto insurance can give you peace of mind after an accident. Knowing that your policy will cover any potential costs gives you the financial security necessary to move forward without worrying about how you’ll pay for repairs or medical bills related to an incident on the road.

Higher auto insurance coverage isn’t right for everyone. However, it’s worth considering when you’re choosing a new policy or reviewing existing plans. Having greater protection against liability and uninsured motorists can provide peace of mind and financial security after an unexpected event on the road, no matter who is at fault. Be sure to do research before deciding so that you understand all the details associated with increasing your current level of car insurance protection.

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Last modified: March 8, 2023