Car insurance companies use clever characters and funny situations in commercials to try to get you to choose their company. But those commercials don’t provide what you really need to know to make a smart purchase – information about how much coverage and what types of coverage to buy.

It’s important to research how much coverage you need. Lives can be ruined when people don’t know all the facts when they get their car insurance. They may later find out they didn’t purchase enough insurance, or the right insurance, until after they have been in a car accident.

While price is a factor when buying an auto insurance policy, it shouldn’t be your only consideration.

Car repairs and medical bills are expensive. Too often, the amount of liability insurance available does not cover the actual damages suffered in a car accident.

Purchasing car insurance with a certain amount of coverage doesn’t insulate you from being held responsible for all the damages you cause in a crash.

How Much Car Insurance Should You Purchase?

When it comes to liability insurance, it’s important to ask yourself one question – if you cause an accident that injures someone else, how much coverage do you need to pay for that person’s injuries before your personal assets are at risk? Only you can determine how comfortable you are with that risk.

In South Carolina, drivers are required to carry liability insurance with a minimum limit of $25,000 per person. But we all know about the high costs of health care. After a car accident, the initial trip to the emergency room could easily cost $10,000. It doesn’t take much for medical bills to quickly exceed $25,000.

For example, if you have only the minimum amount of liability coverage and cause a car accident, if the injured party has $40,000 in medical bills, you may be held personally responsible for the remaining $15,000. That could be financially devastating.

Of course, you should buy the insurance you can afford. But it’s a good idea to keep in mind the risk you face if you buy too little coverage and cause an accident that results in serious injuries to someone else.

If you need help after a car accident – or need advice about what kind of insurance to buy – make sure to contact a qualified attorney.

About the Author

Mark Joye is the Head of the Litigation Department at the Joye Law Firm. A Board-Certified Trial Advocate with nearly 30 years of litigation experience, he currently serves on the Board of Governors for the American Association for Justice and is a past president of the South Carolina Association for Justice. In a recent trial, Joye headed a trial team that secured $17 million for a family killed in a tractor-trailer accident.

Recent Blog Post
Why Can’t I Use My Own Doctor on Workers’ Comp?

Workers’ compensation can help you recover lost wages and pay for causally related medical expenses if you are injured in a workplace accident. Knowing what to do if you suffer an injury on the job is vital to ensuring you…

surgery instruments
Workers’ Comp Settlement After Surgery

It is not unusual for an injury suffered in a job-site accident to require surgery. For most workers employed in South Carolina, the state’s workers’ compensation system should pay for surgery related to any injury suffered in a workplace accident….

3 Ways Trucking Companies Break the Law and Cause Crashes

The trucking industry forms the backbone of America’s freight transportation, with over 38.9 million vehicles moving over 72% of the nation’s freight in 2021. However, statistics compiled by the Insurance Institute for Highway Safety (IIHS) also reveal accidents involving large…

How Long Does It Take to Get My Workers’ Comp Check?

If your workplace injury prevents you from working, discovering that your workers’ compensation claim was approved can be a huge relief. However, checks for lost wages are rarely issued immediately, often leaving injured workers struggling to pay bills after an…

Awards & Recognition
Media
CBS News
Fox
NBC
ABC