Talk of The Villages Florida - View Single Post - Car insurance rates just had their biggest annual jump in 47 years.
Thread: Car insurance rates just had their biggest annual jump in 47 years.
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Old 09-18-2023, 01:12 PM
Cybersprings Cybersprings is offline
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Quote:
Originally Posted by retiredguy123 View Post
I had a million dollars in liability with Allstate, and now I have the same amount with State Farm. Several other companies I got quotes from would only offer $250K, which I think in inadequate if you have a personal injury lawsuit against you.

From what I have heard (I know what that is worth), even the $1million does not cover what you could end up being sued for after a bad accident. But it does get you much better lawyers from the insurance company for the case because it is now at an amount that catches their attention. I am not offering that as fact, just a thought.