Our policy is for 100,000/300,000 (per person & per incident, for each of these categories: bodily injury, property damage liability, uninsured motorists). I am thinking of spending a bit more (just $14 more per month, for my wife and myself) to increase those numbers to $250,000/$500,000.
Since I've opened up the policy probably 10 years ago with this company (Mercury) neither of us have ever been in an accident. The only claim that has ever been filed (apart from tow truck reimbursements) has been when my Civic was stolen in january.
I don't think my policy is priced that high; I'm certainly not looking to move to a different provider, but when I put my oldest daughter on our policy, I'll probably shop around a bit unless I"m floored with how cheap mercury comes in.
But I am wondering--are there any rules of thumb you folks have used, when determining how much coverage to buy?
The chances of getting in an accident big enough to go over the 100K per person, 300K total limits are pretty darn low. And I do own my own home, FWIW.
Since I've opened up the policy probably 10 years ago with this company (Mercury) neither of us have ever been in an accident. The only claim that has ever been filed (apart from tow truck reimbursements) has been when my Civic was stolen in january.
I don't think my policy is priced that high; I'm certainly not looking to move to a different provider, but when I put my oldest daughter on our policy, I'll probably shop around a bit unless I"m floored with how cheap mercury comes in.
But I am wondering--are there any rules of thumb you folks have used, when determining how much coverage to buy?
The chances of getting in an accident big enough to go over the 100K per person, 300K total limits are pretty darn low. And I do own my own home, FWIW.
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