How much auto insurance is required to be fully covered during an accident?


When you buy a car, the first question you will ask yourself is about how much insurance you are going to need. Irrespective of the type of car, this is a very pertinent question and needs time to be tackled.

The amount of auto insurance that you get for yourself will depend on a number of things. For one, it will depend on deductible, the type of vehicle, and your driving record. It should be an amount that will sufficiently cover you and your assets. It has been suggested by the insurance information institute that you must have $100000 of bodily injury protection for every individual and $300000 for the accident as a whole. If you have assets more than $300000, you must try getting additional liability insurance. Now this is an ideal coverage level and it is not something that you would settle for if you were looking for cheap insurance.

There are different types of insurance coverage. Some of them are mandatory in a few states and others are optional. Personal injury protection is needed to cover you from medical expenses that you might incur due to accidents.

Uninsured motorist coverage is required to pay for damages sustained in an accident that is not your fault. And if the other motorist who is at fault is unable or unwilling to make payments towards the damages, you can claim with uninsured motorist insurance.

Bodily injury liability will cover all injuries or death that occurs in an accident that was your fault.

Property damage liability coverage will take care of all costs associated with damage to your vehicle and the other person’s vehicle in an accident. There are certain states where a driver who has paid his premiums on time for at least three years and has not met with any major accident for the said period can avail of special discounts.

After you satiate the basic requirements of your state, the next step is to look for additional bonuses. You can never be happy with the bare minimum. You need to go out and shop around to get a better deal. Try getting better rates by showing that you have a good driving record. If you do not, take steps to ensure that your driving record improves over the years. You can join a defensive driving school and this will ensure that you get better rates the next time you go to renew your policy.