3 Critical Things You Need To Consider When Choosing Your Insurance

1. Do you have enough liability insurance?

Don’t get the state minimum (in Arkansas it is $25,000.00) simply because it is the cheapest.

You need insurance that will protect your assets in the event you get sued.

At the least, you should have a 50/100/50 policy (Protects you up to $50,000 per person, $100,000 per collision and $50,000 for property damage i.e. other cars)  and I advise most of my friends to get at least 100/300/100 policy depending on their station in life.

2. Do not protect yourself LESS than you are protecting others.

The single biggest mistake we see as attorneys are clients who have too little, or none at all, in uninsured or underinsured insurance policies.

You should always protect yourself up to $100,000 with an uninsured/underinsured policy.

This is critical!

3. Get the largest medpay policy that your company will allow.

Medpay covers hospital bills for anyone in your car, in any accident, regardless of fault.

This is by far the cheapest type of car insurance and has the most value.

Most companies only offer the state minimum ($5,000.00 in Arkansas) but you should ask your agent to include quotes for medpay for a higher amount.

Most will allow you to go to $25,000 and higher.