Limited Liability vs Full Coverage
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?
If you don’t care losing 10-12k go without full coverage
You must get full coverage. It's for your own good
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.
This. I have high liability limits and higher deductibles to balance the insurance cost. Can afford the higher deductible compared to unknown liabilities.
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.
If you financed the car, most companies require you to get comprehensive coverage. If not, then it depends on how risk averse you are.
I own it. still on the fence about it. I don't want to take the risk but also want to pay the minimum
No one else can really answer that for you since it totally depends on your risk tolerance