All states require you to carry some form of liability insurance. This coverage is used to pay for damages that your car causes, but does not pay for damages to your own car. Additionally, some states also require you to carry personal injury protection or medical payment coverage to pay for injuries to you or your passengers. That is where state minimum requirements can leave you at risk if that is all you carry.
State minimum liability coverage is rarely enough to cover a single serious accident. For instance, if your policy includes 25/50/10 coverage and you have an accident that total out someoneâ€™s Escalade, your property damage liability will not be sufficient to pay the replacement costs, and you will be responsible for paying the remainder of the costs out of pocket. Similarly, if the injuries of the people riding in the Escalade total more than $50,000 altogether, you will be held responsible for the remainder of the medical costs as well. State minimums are designed to prevent people from being completely unprotected, but do not cover the full costs of most serious accidents.
To repair your own vehicle after an accident, you need to have collision coverage, which is optional coverage in all states. Without collision coverage, you alone are responsible for repairing your vehicle, and those costs could become quite high. Similarly, comprehensive insurance will repair or replace your vehicle if it is hit while parked and you cannot identify the at fault driver. These two coverages work directly for you and your vehicle, but they are not required insurance by state laws.
You can get an idea of what your insurance rates would be with more complete coverage by using an insurance quote website. Once you have designed a policy that fills your needs, you can compare the premium quote between more than one insurance provider, and that means you can see which companies offer the lowest rates or the best coverage packages.