In most States in the US, you are required by law to have minimum auto insurance coverage to drive a car. This minimum or liability insurance varies from state to state but is generally cheaper than other covers.

You can settle for a minimum Insurance and still be within your legal rights to drive a car but does it give you the cover you need? There are lots of benefits you miss when you settle for minimum insurance, such as:

Full Coverage

The first thing to note concerning liability coverage is that it only covers the person you hit. Your car and the people in your car are not covered. This means that in case of an accident, you will have to cover the cost of repairing your car from your own pocket.

You are also not covered from non-accident issues such as theft, floods, and fires.

Financial Security

A rule of thumb is that you should have a 100/300 cover. This means that if you are at fault, the insurance company will pay a maximum of $100,000 for an individual and a maximum of $300,000 for a group of individuals in the other car. The minimum requirement for many states is far below this figure.

This means that if you take minimum car insurance, medical expenses could exceed coverage for both the third party individual or group forcing you to dig deeper into your pocket; failure to which you may be sued and have your property seized.

Personal Injury Cover

In case of an accident, the insurance company will not pay your medical bills if you have minimum auto insurance.

Little Extras

Taking a higher liability package doesn't cost much and may offer perks that you will certainly miss if you settle for minimum auto insurance.

Some Increased liability covers come with extras such as roadside assistance in

case of incidences like a flat tire of a dead battery. Others give you a substitute car while your car undergoes repair following an accident.

You could also miss out on discounts often given to new clients under a higher liability.

A minimum auto insurance policy will give you the legal right to drive but may not give you the peace of mind, protection, and true coverage you need. You will also miss out on extra benefits of a higher liability cover. The benefits of a higher liability cover far outweigh its cost.

Contact a company like Kesner Insurance Agency Inc for more information and assistance. 

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