HOW MUCH AUTO INSURANCE COVERAGE DO I NEED IF I HAVE A CAR ACCIDENT?
How Much Auto Insurance Do I Need If I Have A Car Accident? Let's, start with the minimum limits of auto liability insurance coverage for North Carolina. The minimum liability limits are $30,000 per person for bodily injury, $60,000 per accident for bodily injury, and $25,000 for property damage.
Considering, these bodily injury limits, the auto insurance coverage is extremely inadequate. However, just to ride to the hospital in an ambulance could cost up to $1,500 per person. Once, the emergency room visit is up to $20,000 or more.
Especially, if surgery is necessary. Usually, when there is an auto accident multiple people and family members have
injuries. Therefore, not having enough auto insurance coverage could spell financial ruin for you and your family. Imagine, if three people have injuries the $60,000 bodily injury limit coverage is insufficient.
Even though, there is bodily injury and property damage coverage for the uninsured/under-insured motorist with matching limits of $30/$60/$25 that can be used to pay for the loss. However, the limits are still lacking for what is truly needed. Moreover, after the ER visit a follow up to the primary care physician is in order and perhaps even physical therapy.
Next, we have the property damage coverage of $25,000 with an additional $25,000 for the uninsured/under-insured motorist.
Consequently, there are many high dollar value vehicles on the road today. For example, Mercedes, BMW, Lexus, and Tesla to name a few. As a result, a total of $50,000 of property damage coverage is just barely enough to scratch the surface. The ideal amount of liability coverage for your auto insurance is $100,000 per person, $300,000 per accident, and $100,000 for property damages with matching uninsured/under-insured coverage.
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