How much auto insurance coverage do I really need?
February 14th, 2012
Question by lpreese: How much auto insurance coverage do I really need?
We currently have BI 50/100, 50 prop damage and 50/100 uninsured. Here are the details
- 2003 Cadillac Escalade EXT
- Married couple: Wife 27 & Husband 23
- No major tickets in the past 3 years. Husband had one fix-it ticket almost 3 years ago
- Renters not home owners
- No big ticket assets
- No kids
Best answer:
Answer by jcollins_24
It really comes down to how much do you stand to lose. You listed that you do not own a home and have a small amount of assets, 50/100/50 is OK, I prefer 100/300/100 minimum, the cost difference is generally small, the biggest cost of auto insurance is the comp and collision coverage.
Add your own answer in the comments!
Tags: 