Why Do I Need More than Liability?
Liability coverage protects you financially in case you become legally responsible for the bodily injury or property damage of another person due to a vehicle accident that you are at fault for. Most U.S. states have some degree of minimum liability coverage, in fact, and opting for liability-only coverage or state minimum coverage usually results in lower insurance premiums. However, those upfront savings do not always equate to a better deal.
Should you personally become injured in an accident or suffer damages to your personal vehicle, liability coverage will do nothing for you. You could find yourself with a mound of medical bills and no transportation if you are unable to pay for your personal expenses related to an accident. Instead, it's wise to invest in collision coverage that will repair or replace your own vehicle in the event of an accident. Additionally, opting for personal injury protection will cover your medical expenses and those of your passengers regardless of who is at fault in an accident. Though the added protection may cost a little more, it could save you thousands.