I have a new car but mainly interested in what is advised in terms of liability coverage.

  1. 155 POINTS
    Jared Wilson
    Insurance Agent, N. Holobaugh Insurance, United States
    I always recommend the highest limits of liability that you can afford. If you have a good insurance score, and a clean driving record, the premium difference between 50/100 (50k per person/100k per accident) and 100/300 will not be much relatively speaking. Also, it is a good idea to have a high limit of liability for property damage, such as $100,000. The national average vehicle liability award in 2008 was $326,628. That said, I always recommend at least 250/500 limits of liability.
    Additionally, I always recommend having an "umbrella policy" to increase your limits of liability. Ask your insurance agent for a quote on a $1,000,000 umbrella policy. Be sure to tell your agent of all properties or vehicles titled to you.
    Answered on April 8, 2013
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