Roberts Insurance Group Blog
Auto Insurance Liability Limits- How Much Coverage You Should Have On Your Auto Policy In Georgia
When it comes to auto insurance in Georgia, the liability coverage on your auto policy is by far the most important. Why? Because your auto liability protects you from financial ruin. It protects your assets or income from being garnished due to damages you're liable for from an auto accident.
If you carry the state minimum liability limits on your auto policy (which is $25,000 per person for bodily injury, $50,000 bodily injury in any one accident, and $25,000 for property damage), and you have an accident that causes $50,000 in bodily injury for another person and $60,000 in property damage, then your auto policy will only pay $50,000. Since you're liable for $110,000, you would be on the hook for the remaining balance.
Do you have an extra $60,000 laying around waiting for a lawsuit? Or would you prefer your insurance company to pay for everything?
I have never met anyone who didn't choose option number 2.
Let's Think About This Some More
How far does $25,000 go when you're in the hospital? These days, not very far at all. How much is an ambulance ride? What about a helicopter ride? $25,000 won't even brush the surface.
With the rising cost of medical care, it's crucial for Georgia drivers to maintain sufficient liability limits on their auto policy. After all, if your policy limits get maxed out, you're still responsible for the remaining damages.
Further, how many cars nowadays are worth more than $25,000? Just look around on your commute. Almost every new model vehicle is going to be in excess of $25,000. You never know when an accident will happen, which is why it is called an accident. You also have no control over someone else's injuries or what type of car they're driving, which is why it is so important to have adequate liability coverage on your car insurance policy in Georgia.
So How Much Liability Coverage Should You Carry?
Every individual or household will be different. Generally, we recommend carrying at least $100,000 in property damage at a care minimum and $100,000 of bodily injury coverage at a bare minimum. Of course, for many households, higher limits such as $300,000, $500,000 and an added liability umbrella policy should be considered.
If you're concerned with the current level of liability coverage on your auto policy, give us a call at the Roberts Insurance Group at 678-250-8133. We can advise you on the liability limits you need so that you're adequately insured.
The Roberts Insurance Group is a Georgia Insurance Broker specializing in commercial and personal insurance for our clients throughout the state of Georgia. We help our clients lower their cost of insurance with our superior claim and risk management expertise and our extensive carrier access. We are in the business of building relationships with our clients to help them grow and succeed. Contact us today to see what we can do for your family or business.
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