Okay, so you have watched our video on the importance of having good Bodily Injury insurance limits, and you’ve read all of our “Car Insurance and You” articles on car insurance coverage issues That’s great! But now you are probably wondering, “So if I want really good insurance protection if I get sued for causing a car crash, is that going to cost me an arm and a leg?” That’s a good question!
While we here at Atkinson Petruska Kozma Hart & Couture are lawyers and are not insurance agents, we recently contacted an insurance agency for one of the biggest car insurance companies in Michigan and asked them how much it would cost an average driver to increase their Bodily Injury insurance limits to $1,000,000. We got two quotes, based on a couple of different scenarios.
Driver A currently has $250,000 in BI insurance limits. Increasing his BI coverage to $1,000,000 will only cost him about $27 every 6 months. That’s less than $5 per month.
Driver B currently has only $100,000 in BI insurance limits. Increasing his BI coverage to $1,000,000 will only cost him about $75 every 6 months. That’s less than $13 per month.