CAR CRASH – STATE MINIMUMS?

Buying minimal coverage in order to reduce your car insurance rates is short-sighted. Having adequate insurance is especially important for affluent drivers: “The more assets you have, the more likely you are to be sued,” he says. He recommends that motorists go a step further and buy umbrella insurance policies that provide supplemental coverage when their standard homeowner and auto policies reach their limits. To find the lowest car insurance quotes, be sure to shop around.

Minor accidents and small car insurance claims aren’t the problem. “Probably 85 to 90 percent of the people nationally involved in accidents have insurance and most claims are well under their limits,” Hunter estimates. It’s the big disasters that you really need to insure against.

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