By CHUCK TANNERT Updated August 7, 2022 Reviewed by ERIC ESTEVEZ Fact checked by AMANDA JACKSON
How much car insurance do you require? Your state may require a certain amount of coverage, but it is not always sufficient.
The answer is contingent on a number of variables, including where you live, the value of your vehicle, and the other assets you need to safeguard. What you need to know is as follows:
Important takeaways The majority of states require you to have at least the minimum amount of insurance coverage in case you cause an accident and suffer injuries or damage to property.
In the event of an accident, damage to your own vehicle is covered by optional collision insurance.
Other dangers, like fire and theft, can be mitigated with comprehensive coverage, which is an additional option.
If you’re hit by someone who doesn’t have insurance, you can protect yourself with uninsured motorist coverage, which is required by some states.
