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Don’t try to save money by having the minimum allowed limits of coverage for your auto insurance

Michael J. Lanza's avatar

Categories: Of Legal Interest Permalink

If you operate a motor vehicle don’t carry the minimum limits of insurance coverage. Remember your insurance doesn’t just protect you if you cause injury to another party, it also protects you from uninsured and underinsured drivers.

One of the first questions I ask a client who has been injured in an auto accident is what are the insurance limits on the client’s automobile policy.  Most important, the amount of coverage for uninsured and underinsured motorist coverage.  These coverages afford protection when the driver at fault is not insured or does not have sufficient insurance to cover the damages that resulted from the accident.  In my experience about 25% of drivers that have caused my clients to suffer personal injury either have no insurance or are underinsured.

In Connecticut, you have legally met the requirements for auto insurance if you carry a policy that provides $20,000 of coverage per accident per injured individual up to an aggregate amount of $40,000 if the accident resulted in injuries to more than one person.  For example, if a person carrying this minimum policy coverage causes an accident injuring multiple persons, the total amount that this policy will pay out is $40,000 regardless of the seriousness of the injuries sustained by the parties.

This scenario recently played out with a client… read more