Deciding how much coverage to get: What are the guidelines?
It depends on your individual financial situation. You’ll need to consider how much you can afford to spend to repair or replace your vehicle after an accident. In addition, you could be responsible for medical expenses, loss of wages, awards for pain and suffering and damage to vehicles or other property. With liability insurance, the higher your limits, the more financial protection you will have against lawsuits. In most states, the minimum liability coverage required by law is not adequate, so you should consider higher limits.
