Quote:
Originally Posted by Laneco
If she hits a high-end motorhome, lightly, and it catches fire (propane on board), burns to the ground, then kiss $300,000 goodbye. 10K is woefully inadequate for property liability. I think Oregon is 50K min and we've got 100K. The difference was about $3 a month.
angela
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I'd go even further. If you don't want your life turned upside down because of an accident, get the maximum coverage you can purchase. Then get an umbrella (personal liability) policy on top of that. (You generally have to max auto coverage before an umbrella policy is offered.)
And here's a little secret, the people who tend to max their coverage and get umbrella policies tend to be the lowest risk drivers. And the lowest risk drivers get the lowest rates. You will often find that you can increase coverage substantially for a minimum increase in premiums, and that your premiums might even go down with more coverage. (Gasp!)
Conversely, people who buy only minimum coverage are generally the highest-risk drivers, and they get the highest rates.
So yes, the coverage you pick can affect your rates, because even that is an indicator of risk.
(The medical bills add up quick when it's a bus full of disabled kids you hit, and the jury generally doesn't buy that the bus cut you off and slammed on the brakes, even if it did happen that way.)