Insurance Expert Garrett W. Durland, CIC: Low Cost Auto Insurance

Low-cost auto insurance quotes sometimes draw consumer's attention, but will low-cost insurance cover all losses in the event of an accident? Yes, your premiums will be lower, but the auto coverage you have may not be enough to pay all the damages after a serious car incident OR defense costs in the event you are sued.
Having the peace of mind that your auto liability insurance will provide defense and pay all damages after an accident where bodily injury and/or property damage have occurred is critical. Here is an example of what this could mean… If your liability coverage shows split limits of 25/50/10, this means $25,000 is the full amount to be paid to you for physical injury per person (up to $50,000 per accident) and $10,000 is the full amount to be paid by your policy for property damage (other vehicles or property, road signs, telephone poles, etc…that are damaged by you in an accident).
When you think about it, this protection is insufficient; what if you were at fault in an incident with another car, and totaled their vehicle? Any newer model car these days can be well in excess of $20,000 or more. What if it was a newer model Mercedes, Porsche or Cadillac?
You could be tens of thousands of dollars in debt! After that, bodily injury comes into play. What if the driver and/or passengers in that vehicle were injured? Or what if they simply claim injury? Today, because of the difficult economic conditions, more people are likely to file a lawsuit after an accident occurs, which could drive an exponentially large hole into your wallet just with the costs to defend the case!
Lets assume there were 2 passengers besides the driver in the vehicle with whom you caused the accident (and were deemed at fault) and all 3 were seriously injured. They sue collectively for over $1,000,000 and your policy limits are the statutory minimum of $25,000/$50,000 bodily injury!
At first it may seem like saving money is the smartest thing to do, but in the long run it's not always the best tactic to defend yourself against the real risks linked with driving. If you are curious or have any questions about liability limits, we can help you find the right auto insurance for you at a price you can afford. Call us… your Trusted Choice Independent Insurance agent today at (845)986-1177.