How Do I Know How Much Car Insurance I Need?

  1. 575 POINTS
    Mathew Erickson
    Owner/Agent, Erickson Insurance Agency - Farmers Insurance, Canton, OH
    There are a number of factors I look at to determine how much insurance a client needs.  Income, valuables, current savings or future savings goals (education, retirement, homeownership) are all things that I take into consideration. Why do these matter for car insurance, you might ask? Because if you get into a serious or fatal accident, all of these things could be taken from you in a liability lawsuit.  I highly recommend sitting down with an insurance professional to discuss the appropriate limits for your specific situation.
    Answered on February 1, 2014
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