When Is Minimum Liability Auto Insurance Enough?

Auto insurance is a valuable investment that protects your vehicle against a wide range of risks. When you first purchase a vehicle, your lender may require you to maintain full coverage, which is often a smart choice. Full coverage protects you from most risks, reducing financial strain. However, there may be times when you consider adjusting your coverage.

At The Sirover Agency LLC, we can help you determine when you need coverage and what type of protection is best for your situation. If you’re looking for auto insurance in Wayne, PA, reach out to us to learn more about our recommendations.

Is Minimum Coverage Really Enough?

Minimum auto insurance provides just enough protection to meet legal requirements. Typically, this means you only have liability coverage. While this satisfies the law, it may leave you vulnerable in the event of an accident.

For example, if you cause an accident resulting in long-term injuries and the victim incurs hundreds of thousands of dollars in damages, your liability coverage will only protect you up to the limit of your policy. Any additional costs would need to be paid out of pocket. The victim may even file a lawsuit against you to recover those losses, putting your home, savings, and other assets at risk.

In most cases, minimum coverage is not sufficient. However, that doesn’t mean you need an excessively high-value policy either. At The Sirover Agency LLC, we work with you to find the right balance between adequate coverage and competitive pricing. This ensures you have peace of mind without overspending.

Learn more about your options for auto insurance in Wayne, PA, by contacting our team today. We offer free consultations and quotes to show you how affordable comprehensive coverage can be.