Call Us (305) 397-8807 ☰ ˟
Toscano Insurance
Call Us (305) 397-8807
  • Home
  • Coverage
    • Automobile
    • Business & Commercial
    • Condominium
    • Cyber Liability
    • Flood
    • General Liability
    • Group Health
    • Health
    • Homeowners
    • Motorcycle
    • Pet
    • Professional Liability
    • Recreational Vehicle
    • Renters
    • Restaurant
    • Specialty Automobile
    • Travel
    • Umbrella
    • Watercraft & Boat
    • Workers Compensation
  • Get a Quote
    • Automobile
    • Business Owners (BOP)
    • Cargo
    • Commercial Auto
    • Condominium
    • Cyber Liability
    • EPLI
    • Flood
    • General Liability
    • Group Health
    • Health
    • Homeowners 
    • Motorcycle
    • Pet
    • Professional Liability
    • Recreational Vehicle
    • Renters
    • Restaurant
    • Specialty Automobile
    • Travel
    • Umbrella
    • Watercraft & Boat
    • Workers Compensation
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Toscano Insurance
    • Our Locations
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > Is Basic Car Insurance Enough?
MONDAY, NOVEMBER 30, 2020

Is Basic Car Insurance Enough?

Many  cars driving in each direction down a busy street

Car insurance requirements vary by state. If you plan on driving a vehicle in the U.S., you will be expected to carry a minimum amount of insurance. This typically includes certain limits of liability insurance. However, minimum liability is not usually enough to cover you in case of an accident.

What Does Liability Car Insurance Cover?

Liability insurance only covers injuries and damages you may cause another person in an accident. For example, if you cause an accident that results in injuries, liability insurance will step in to pay for the victim’s medical bills as well as protect you against a lawsuit.

Liability insurance does not cover damages to your vehicle or injuries you and your passengers may suffer, however. If you get into an accident with only minimum liability insurance, you may be expected to pay for your own medical bills and damages to your vehicle all out of pocket.

You also run the risk of not having enough liability insurance. For example, the auto insurance requirements in Florida are:

  • $10,000 in bodily injury liability per person
  • $20,000 in bodily injury liability per accident
  • $10,000 in property damage liability

If an accident exceeds these limits, you may be faced with paying additional expenses out of pocket. It is important to speak with your insurance agent about protecting your vehicle as much as possible. This is why full coverage is typically recommended.

Is Full Coverage Car Insurance Required?

While full coverage car insurance is not required by state or federal law, it may be required on vehicles that still have a loan. If you buy a new car, the dealership may require you to carry full coverage auto insurance for a certain amount of time until you’ve paid off the car.

Even without the requirement, full coverage is recommended. Full coverage auto insurance simply refers to the highest amount of insurance you can place on a single-vehicle. These policies must all include at least the minimum liability requirements, but also include coverage such as:

  • Comprehensive: Comprehensive coverage provides compensation for damages to your vehicle caused by fire, wind, hail, falling objects, theft, vandalism and other incidents not involving a collision.
  • Collision: Collision coverage helps cover damages to your vehicle caused by a collision with another vehicle or object.
  • Medical Payments: Medical payments coverage, available as personal injury protection in some states, covers the medical bills you and your passengers may face after an accident.
  • Uninsured/Underinsured Motorist: This insurance covers damages that may occur in an accident involving a driver who is not carrying insurance.

Get A Quote

Posted 10:35 AM

Tags: auto insurance, car insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020

  • homeowners insurance(2)
  • car insurance(2)
  • home insurance(2)
  • auto insurance(2)

View Mobile Version
Safeco
Chubb
Progressive
National General
Aetna
Universal P&C
Home| Get A Quote| Blog| Company Portal| About Us| Contact
Miami:
1111 Lincoln Rd., Suite 500 | Miami Beach FL 33139
P: 305-397-8807 | F: 305-397-8825 | info@toscanoinsurance.com
Vero Beach:
601 21st Street, Suite 300 | Vero Beach, FL 32960
P: 770-837-9700 | info@toscanoinsurance.com
Atlanta:
3455 Peachtree Road NE, 7th Floor | Atlanta, GA 30326
P: 678-932-8788 | info@toscanoinsurance.com
Charlotte:
10130 Perimeter Parkway, Suite 200 | Charlotte, NC 28216
P: 407-321-1223 | info@toscanoinsurance.com
Boston:
101 Federal Street, Suite 1900 | Boston, MA 02110
P: 617-362-0555 | info@toscanoinsurance.com
Facebook Twitter Google Posts LinkedIn
Toscano Insuance

Powered by Insurance Website Builder