How Much Car Insurance Do I Need? | Reviewing Insurance Options

How Much Car Insurance Do I Need?

There is no exact answer to how much car insurance one person needs, the amount of car insurance a person needs is dependent on a number of factors. Drivers in every state need car insurance to drive legally, and the best starting point in determining how much car insurance is needed is first looking at state requirements.

Georgia Car Insurance Requirements

Georgia requires drivers to have the following minimum liability coverage: $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident. Liability insurance is the only insurance coverage that is mandated by Georgia. Liability insurance also pays money to the people the driver hit and will not cover the driver or the driver’s car.

Determining How Much Insurance a Driver Needs

Although Georgia requires its drivers to have a certain amount of insurance coverage, many drivers might need more than the state required minimum auto insurance coverage. If a driver is meeting the state’s minimum requirement, that does not mean they are properly insured. $25,000 is a low amount for property damage and once the accident limit is reached, the driver is then responsible for the remainder of all accident costs.

How much coverage a driver needs depends on different factors, such as the driver’s financial situation, value of the vehicle, and driving habits. When determining how much coverage is needed, it is important that the driver is covered for an amount equal to the total value of their assets.

Other Types of Insurance Available

Drivers can choose to have additional coverage to add more protection. A driver can take out different insurance policies such as:

  • Collision
  • Comprehensive
  • Gap coverage
  • Roadside assistance
  • Medical payments
  • Uninsured motorist coverage

Schedule a Consultation Today for a Professional Opinion

There is no right answer to how much vehicle insurance a driver should have, but drivers should seriously consider all their options. While some drivers could choose to settle for the minimum amount of coverage required by the State of Georgia, all drivers should consider their lifestyle habits when purchasing insurance coverage.

To expedite this process, it is recommended to speak with an experienced auto accident attorney at 777 Good Law today. Our team of lawyers could review your circumstances and help you analyze the various factors impacting your insurance options and which options are most beneficial to your situation. Call today to learn more.

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