Automobile insurance is essential for all vehicle owners, helping individuals pay for the consequences of an accident or injury. While all states have minimum coverage requirements, it is always in your best interest to invest in extra protection. Use the guide below to learn more about the benefits of higher policy's limits.

Minimum Coverage Guidelines in Nebraska

Policy requirements vary by state. In Nebraska, you need $25,000 in bodily injury benefits per individual involved in an incident, with a $50,000 total accident limit. This pays for the injured person’s expenses such as medical costs, loss of wages, and pain & suffering . You are also required to have $25,000 in property damage coverage to compensate others for vehicle repairs or other property loss. . 

Lastly, drivers are required have $25,000 in underinsured/uninsured motorist coverage per person with $50,000 per accident aggregate. This pays for your medical bills, loss of wages, and pain and suffering if you're hit by a driver who doesn't have any or enough automobile  liability insurance.. 

The Benefits of Higher Coverage Limits

While having minimum liability coverage is only a start as it can only help offset costs if you're at fault for a minor accident, a severe enough incident can easily exceed your policy's limits. For instance, the other party will hold you responsible for their medical bills and their lost wages if the experience hindered their capacity to work. These expenses do quickly add up, leaving you responsible for the difference. Minimum limits can easily be used up in the first 24 hours in the hospital. Minimum property damage limits won’t pay to replace many of the vehicles on the road today..

Therefore, most experts recommend having $500,000 in bodily injury limits per person with $500,000 per accident bodily Injury and $500,000 in property damage coverage. 

Additionally, Nebraska doesn't require residents to carry medical payments, collision, or comprehensive insurance. These coverages  cover your own losses in an accident—including your medical costs and vehicle repairs—which can be key to getting you back to your normal life following a collision.

Protect yourself from liability with automobile insurance at Mid-Alliance Insurance Associates LLC, in Lincoln, NE. With over 30 years of experience, their knowledgeable team will work with you to assess your needs and find the right coverage limits to protect you, your family, and your belongings. Contact them today at (402) 421-7800 to request a quote. Visit them online to learn more about their services.