Buying the Right Amount of Car Insurance

Accidentally rear-end a $100,000 Mercedes Benz and you will wish you had not opted to buy the lowest amount of car insurance required by law. Some state laws require only 15/30/5, or $15,000 per injured person, $30, 000 per accident in medical coverage and $5,000 in repair coverage. No matter what the damages, insuring your car for the minimum does not give you the coverage to handle today's medical and repair costs.

Ask any insurance agent and she will recommend at least $100,000 per person, $300,000 per accident and $50,000 damage coverage. This is particularly important for homeowners who risk loss of their homes and other valuable assets. No matter what your decision is regarding how much car insurance to buy, always get multiple car insurance rate quotes for comparison. You will then be assured that you are getting the most affordable policy.