What You Should Know Before Purchasing Auto Insuranceon February 7th, 2013
Many people have the idea that car insurance is simply a nuisance that they are required by law to have. As a result of this line of thinking, they end up looking for the cheapest auto insurance policy that they can find. However, it is important to remember that a good auto insurance policy is designed to help protect you financially if you become involved in a car accident, so it is well worth it to look for a quality policy.
While it is the law in most states to purchase car insurance, the minimum amount that you need to purchase may not offer you adequate protection. That is why it is important for you to do your research and find out the ideal amount of auto insurance in Florida for your particular needs. Most states only require that you purchase liability coverage, but you should think about purchasing more if you want to receive maximum financial protection. Most states only require the following minimum liability coverage amounts:
- $15,000 to cover any other person who may become involved in a collision with you
- $30,000 maximum coverage for all persons involved in the collision
- $5,000 to cover any damages that the collision may cause to the other person’s vehicle
If you really think about it, that type of coverage won’t go very far if you happen to total someone’s expensive luxury vehicle. If you really want to protect yourself financially, you should seriously consider going above and beyond the minimum vehicle insurance requirements in your state. Talk to your insurance agency about the policies that they recommend based on your coverage preferences and financial concerns.