In the state of Massachusetts, there is a minimum coverage required for auto insurance. Many buyers purchase just that minimum amount. However, it may be worthwhile to purchase more than the minimum. Here’s what you should consider when asking whether you should get more than minimum auto insurance coverage.
Extent of Accidents
As you know, medical expenses are typically very high. Therefore, accidents involving personal injury can be extremely expensive. In a major accident with severe injuries, it is possible that medical expenses will exceed the amount of coverage that you have in your auto insurance policy.
If your vehicle is involved in a major accident, claims will likely be made against your auto insurance policy. This can be true even if you are not at fault. If damages exceed what your auto insurance covers, you may be held personally liable for the overage. That is a scary thought isn’t it! This can cause a lot of headaches and extreme financial hardship.
Why Should You Get More Than Minimum Auto Insurance Coverage?
The answer is simple. Getting more auto insurance coverage is not that expensive, especially given the amount of added coverage you can obtain. It is really worthwhile to consider. Contact your insurance provider for a quote and additional information so that you can make an informed decision.