You guys still need to mention how much coverage you're getting for the price you're paying.
For my 2001 Mustang GT, I pay $1700/year with $300,000 covering the other side (total damage), $100,000 per person, $100,000 property damage, plus uninsured motorists insurance (I'm insured incase an uninsured motorist hits me), and $5,000 medical protection. As for the auto collision itself, it's actual cash value as well as auto comprehensive insurance.
There could be some people out there with only $30,000 coverage covering the other side with $15,000 per person coverage max. If you get into an at fault accident that was pretty bad, you can max out the $30,000 coverage and have to pay the rest out of pocket.
In my opinion, it's best to increase coverage covering the other party so they can't sue you for your own pocket cash or assets.
For my 2001 Mustang GT, I pay $1700/year with $300,000 covering the other side (total damage), $100,000 per person, $100,000 property damage, plus uninsured motorists insurance (I'm insured incase an uninsured motorist hits me), and $5,000 medical protection. As for the auto collision itself, it's actual cash value as well as auto comprehensive insurance.
There could be some people out there with only $30,000 coverage covering the other side with $15,000 per person coverage max. If you get into an at fault accident that was pretty bad, you can max out the $30,000 coverage and have to pay the rest out of pocket.
In my opinion, it's best to increase coverage covering the other party so they can't sue you for your own pocket cash or assets.