You faithfully renew your auto insurance in Huntington, WV, but have you ever asked whether it’s enough? If an unfortunate event were to occur today, would your car insurance protect you optimally? While renewing your auto insurance, you need to determine whether you are carrying adequate coverage to avoid overpaying or underpaying your premiums.
Not sure where to start? In Partners Insurance & Financial Services Inc., you have a trusted and knowledgeable insurance agent to guide you in matters regarding auto insurance. And today, we help you determine whether you have adequate car insurance. Let’s dive in.
Meet state-required minimums
At the very least, ensure you carry state-required auto insurance to avoid non-compliance penalties and fines. For West Virginia, you need a “25/50/25” auto insurance policy. This means your car insurance should have the below liability coverages:
- Bodily injury coverage of at least $25,000 per person and twice the amount per accident
- Property damage coverage of a minimum of $25,000 per accident
Remember, liability coverages cover losses you cause to other persons. It never covers you or your property. With that in mind, you need other coverages for optimal protection.
How much liability coverage should you have?
While meeting the state minimums is essential, most drivers opt for broader limits for maximum coverage. At a bare minimum, we recommend motorists to buy bodily injury liability of at least $300,000 per accident. However, if you have high-value properties to protect, you should aim for higher limits.
How much PIP should I have?
This question depends on whether you have a medical insurance plan since PIP coverage covers a percentage of your medical costs. However, PIP is more versatile than your medical insurance plan since it covers partial loss of income and funeral expenses on top of medical costs.
At Partners Insurance & Financial Services Inc., we recommend you purchase PIP coverage of between $50,000 and $100,000 to cover you optimally.
Auto insurance in Huntington, WV
Still not sure how much auto insurance you should have? Don’t fret. Instead, get in touch with Partners Insurance & Financial Services Inc. for more information.