A single limit car insurance policy means that instead of having individual limits for bodily injury and property damage you have a single coverage limit. Single limit is effective at protecting your assets, and provides you with more generalized coverage, at the expense of a lower total payout. In order to be effective, single limit policies need to be for higher total values, which could increase the premium costs.
For people who do not have many assets, including property and finances, a single limit insurance policy is a more expensive option and may not offer you many advantages. Split limit insurance is more affordable for the average person, and sufficient for most needs.
If you have property or investments to protect against liability suits, a single limit policy is more secure because it can be applied to specific requirements up to the policy total. In a split limit policy, property damage and bodily injury have separate limits, and bodily injury is split again into injuries for one or multiple people in the accident.
If you are willing to pay a little more, single limit liability is a flexible coverage plan. It protects you against personal liability lawsuits, so that you can protect your home, your business, or anything else that is important to you. Single limit liability insurance policies are something like an umbrella insurance policy, where the total cost is deducted from the total pool rather than by different types of liability.
Shop for insurance quotes online, and customize a single limit policy to match your needs. That will allow you to see where single limit policies are offered and to compare prices and coverage. By doing the comparisons online, you can research your insurance when you want, without feeling pressured into buying.