Auto Insurance Coverage Georgia GA
Reader’s Question:
I want to make the right decision about my auto insurance in Georgia but there seem to be so many options and riders. I am a little overwhelmed. Are there suggested guidelines for the coverage limit?
Stephanie
Augusta, GA
Good place to start, Stephanie.
Think of your auto insurance in Georgia as something you and your auto insurance agent are going to construct. The quick answer to how much the limit of your auto coverage should be is as much as you can practically afford. The higher the limit, the greater the cost of your auto insurance. The lower the limit, the greater your exposure.
Your auto carrier wants to protect you. The carrier realizes you have a budget. The auto insurance company will only cover the limit that you agree upon. If you are at fault in an accident where the damages exceed that limit, you may be personally responsible for the remainder.
However, try to be as reasonable as possible. If your limit is lower, your premiums will be lower. Moreover, you can always discuss your situation with your agent in Georgia. The limit of your coverage is a feature you should review every year.
Another budget decision that can impact your premium is determining the amount of your deductible, or the amount of money you will pay out of pocket in the event of an accident. You will pay the amount of this deductible before the auto insurance pays their limit. The higher the deductible you set, the lower the premium will be. Your agent wants to help you balance these exposures.
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