Auto

Limited Liability vs Full Coverage

Zillow Group / Engiplaypoint
Dec 31, 2018

I just got a Honda Accord ex 2013. this is my first car, although I've had a license for about 6 years. Currently live in LA. Which insurance should I go for?

38 VOTESSELECT ONLY ONE ANSWER
VOTEVIEW RESULT

comments

Add a comment
  • Google FcSg75
    If you have decent income, make sure you get high liability limits. Not State minimums.

    If you hit someone, medical expenses will be in the 100k+ range at least. 30k won't cover much.

    Best get 500k/1m. And also buy umbrella insurance.
    Dec 31, 20182
    • VMware neonlite
      This.
      I have high liability limits and higher deductibles to balance the insurance cost. Can afford the higher deductible compared to unknown liabilities.
      Dec 31, 2018
    • Microsoft / EngTier 1
      I have no idea why liability limits are so low in the US. Especially given the high cost of healthcare, and culture of suing.

      Outside the US, 8 digit limits are not uncommon.
      Dec 31, 2018
  • Google / EngBluths
    If you financed the car, most companies require you to get comprehensive coverage. If not, then it depends on how risk averse you are.
    Dec 31, 20182
    • Zillow Group / Engiplaypoint
      OP
      I own it. still on the fence about it. I don't want to take the risk but also want to pay the minimum
      Dec 31, 2018
    • Google / EngBluths
      No one else can really answer that for you since it totally depends on your risk tolerance
      Dec 31, 2018
  • New monomo
    You must get full coverage. It's for your own good
    Dec 31, 20180
  • Tesla / OtherSidhUheh
    If you don’t care losing 10-12k go without full coverage
    Dec 31, 20180

Download the app for more exclusive content.