No, you do not need 100/300 insurance unless you live in Florida and are required to file an FR-44. Although no other state laws require drivers to buy 100/300 insurance, a policy that pays up to $100,000 in bodily injury liability coverage per person and $300,000 per accident can still be a good investment.
Bodily injury liability insurance pays for injuries you cause to others in a car accident, and it’s required in nearly every state. However, most states mandate limits ranging from 25/50 to 50/100, and a few states require even less.
Given that you can be held personally responsible for injury-related costs that exceed your bodily injury liability coverage, 100/300 insurance is usually recommended for the average driver. But it’s also a general rule of thumb to buy at least enough liability coverage to equal your assets. So, if you have a particularly high net worth, you may want to buy more liability coverage than 100/300.
To learn more, check out WalletHub’s complete guide to liability car insurance.
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