Nov
22
What is a reasonable auto insurance liability amount, i don’t believe the current legal limits are enough?
ByFlorida State Required auto insurance limits are not nearly enough insurance to carry especially if you live in a larger city in florida. What is a good acceptable liability limit to carry on my vehicles?
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6 Comments
November 22nd, 2009 at 8:30 pm
Great question and analysis. I wish more people would look at the laughable state minimums and recognize that they aren’t enough.
The answer depends on what you have for answers to protect, but I normally suggest a minimum of 100/300/100 for liability limits and 50/100 for uninsured and underinsured coverage.
November 22nd, 2009 at 9:12 pm
I am a retired insurance broker. Despite the fact I don’t drive as much anymore, I will not drive a vehicle with less than $1,000,000 liability coverage. My wife drives a country delivery run, and because of the increased exposure, carries $5,000,000 on her vehicle.
My liability is portable within Canada and the US. If I visit you, and drive your car, my liability coverage is still $1,000,000.
Our minimum coverage in Manitoba is $200,000, and I think that is ridiculously low, I believe the minimums should be $500,000.
My advice to all clients was to buy as much liability as you can afford.
November 22nd, 2009 at 9:55 pm
Minimum should be $100,00 /300,000 /100,000.
November 22nd, 2009 at 10:23 pm
I You buy liability to protect your assets and future earnings. I suggest 100/300/100.
but It’s entirely your call based on what you have or may have .
November 22nd, 2009 at 11:05 pm
the minimum should be 100.0/300.0/100.00 It also depends on the year of the automobile and the laws of Florida.
November 22nd, 2009 at 11:24 pm
I would say 100/300/100 for liability limits and 50/100 for uninsured and under-insured.
I write policies for a company that covers Florida. You will be looking at $60 maybe $70 a month for this coverage.
You must have your vehicle registered in Florida (per State law)
Call my source below. They can help you.