This is a common scenario. You are shopping for car insurance, and identify coverages that will protect you and your car optimally. But at the point of paying, you only settle for basic car insurance in the name of saving some bucks. But is this wise?
Purchasing basic auto insurance might seem like an excellent idea at first glance but may turn catastrophic when you are involved in a significant incidence. According to Harris Insurance of Jasper, AL, here is why basic car insurance isn’t always a good idea.
Required auto insurance in Alabama
Motorists in Alabama are required to include the below coverages in their auto insurance:
- Bodily injury liability: This insurance policy protects you when you cause an accident, inflicting bodily harm to third parties. The required minimum amount is $25,000 per accident and a minimum of $50,000 for accidents involving several victims.
- Property damage liability: It protects you when you are at fault for an accident that causes property damage to third parties. The minimum amount required is $25,000 per accident.
Now, should you settle with a car insurance policy that includes the above coverages, are you safe? Are the coverages sufficient to cover you in all facets of car ownership? The answer is no. At Harris Insurance, we usually advise our clients to increase coverage limits and consider other car insurance coverages.
Why basic car insurance is never enough
If you are settling for basic auto insurance, you need to upgrade because basic car insurance:
- Has insufficient coverage limits: The insurance limits of "50/25/25" won’t suffice when involved in a severe accident. Uncovered car accident expenses mean that your assets will be at stake.
- Covers third parties only: Basic car insurance doesn’t cover you and your car. That said, you need to consider comprehensive, collision, PIP, and other optional car insurance covers for optimal protection.
Are you looking to insure your vehicle beyond the minimum? If you are in Jasper, AL and its environs, please contact Harris Insurance for a well-rounded car insurance policy.