With the intent of keeping their monthly premiums affordable, some drivers are happy with having the minimum amount of auto insurance coverage. The danger with this thinking is the high bills that may come after an accident is their fault. Farm Bureau of Mebane-Caudill Agency, which serves Mebane, NC, and its surrounding communities, understands both the need for affordable and comprehensive coverage. The locally served agency discusses why auto liability limits really matter.

Why Auto Insurance Liability Limits Really Matter

Damages Can Exceed Coverage

Unfortunately, drivers are regularly involved in accidents with expensive vehicles. If they are found to be at fault, their minimum state auto insurance liability may not be enough. Depending on the make and model, pricey cars and trucks typically need more expensive restoration.

The result? Most of the repair costs are likely to come right out of the at-fault driver’s own pockets.

Medical Costs May Soar Beyond Limits

The same is true if another driver is injured in an accident caused by the policyholder with the minimum amount of auto insurance. Once that financial threshold is reached, the policyholder may have to pay for hospital stays, physical therapy, and other related medical costs. With health expenses continuing to rise, the outcome could be financially devastating.

Potential for Legal Claims

In each of the above scenarios, the injured or affected driver may even file a lawsuit against the at-fault driver. If the minimum auto insurance liability limit is not enough to pay for all repairs and medical expenses, the claimant could put liens on homes, vehicles, and other personal possessions to recover their costs.

Having more than the minimum amount of auto insurance is worth the investment to guard against huge financial losses.

Let the professional team at Farm Bureau at Mebane-Caudill Agency help you get comprehensive auto insurance coverage that won’t wreck your budget. To get started on protecting you, your vehicle, and income from losses, call (919) 928-6574 or (919) 563-3276 for free, no-obligation quotes. Visit the website for information on the agency’s full listing of insurance options.