Limited Liability vs Full Coverage

Zillow Group / Eng iplaypoint
Dec 31, 2018 8 Comments

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?

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TOP 8 Comments
  • 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, 2018 2
    • 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 / Eng Tier 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 / Eng Bluths
    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, 2018 2
    • Zillow Group / Eng iplaypoint
      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 / Eng Bluths
      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, 2018 0
  • Tesla / Other SidhUheh
    If you don’t care losing 10-12k go without full coverage
    Dec 31, 2018 0

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