Auto insurance is crucial in protecting your asset, giving you liability protection, and paying for medical expenses following an accident. While auto insurance is a necessity, do you know how much auto insurance you should buy? Determining the amount of auto insurance you need can be challenging, but San Marcos Insurance Group of Chandler, AZ will help you determine the amount of car insurance adequate for you.

Meet your state requirements

The minimum amount of car insurance you should hold is the one required by your state. For instance, Arizona requires drivers to purchase property damage liability (PDL) coverage of $15,000 and bodily injury liability of $25,000 per person. Of course, these amounts differ from state to state – so be sure to check your state’s requirements to avoid non-compliance penalties.

How much liability insurance should I have?

While meeting the state minimum requirements is excellent, most motorists consider higher limits because accidents will likely cost more than the state-required coverages. We usually recommend our clients purchase liability coverage of above 100/300/100. This plan should cover you adequately, given the rising healthcare costs and that vehicle repair costs can quickly stack up.

If you own significant assets, we advise you to opt for umbrella insurance to protect your belongings when you cause a severe accident.

How much collision and comprehensive coverage do I need?

Ideally, you should cover your vehicle with the assumption of a worst-case scenario. If your car were totaled today, is your auto insurance adequate to replace your vehicle? Of course, as you ponder about this, you need to consider deductibles – the higher your deductible, the lower your premiums. 

With this in mind, purchase physical damage coverages that you are comfortable with, putting deductibles in mind. 

Learn more about car insurance

Still unsure about how much auto insurance you need? No problem. Would you please not hesitate to contact San Marcos Insurance Group for more information? Better yet, you can pop in our Chandler, AZ offices to chat with one of our agents.