How Much Uninsured Motorist Coverage Do I need?

Today, we’re talking about how much uninsured motorist coverage you need. In most states that require uninsured motorist insurance, you need at least $25,000 in bodily injury coverage per person and $50,000 per accident. You may also need $5,000 to $25,000 in uninsured motorist coverage for property damage, depending on the state.

Uninsured motorist coverage can only be used if you’re in an accident caused by an uninsured driver, and it basically replaces the liability insurance that driver should have had in the first place. Not every state requires uninsured motorist coverage, though. In most states, uninsured motorist insurance is offered as an optional type of coverage.

Regardless of whether your state requires it, it’s a good idea to purchase at least the minimum amount offered. Uninsured motorist coverage is inexpensive, and it will help keep your finances safe if you’re in an accident with an uninsured driver. I hope you enjoyed this session on everything you need to know about How Much Uninsured Motorist Coverage Do I need? So always be sure to contact a professional before making any financial decisions.