When was the last time you reviewed your auto insurance policy? Many drivers assume they have enough coverage – until an accident happens. To ensure you’re fully protected on the road, ask yourself these five important questions:
1. Do I Have Enough Liability Coverage?
Georgia requires drivers to carry minimum liability limits of 25/50/25 ($25,000 per person, $50,000 per accident for bodily injury, and $25,000 for property damage). But is that enough?
Consider this: If you’re at fault in an accident that results in medical bills exceeding $50,000 or damages to a luxury vehicle worth more than $25,000, you could be personally responsible for the extra costs. Experts recommend increasing your liability limits to at least 100/300/100 to better protect your finances.
Tip: If you have assets like a home or savings, consider an umbrella policy for extra liability protection.
2. Do I Have Uninsured/Underinsured Motorist Coverage?
Nearly 12% of Georgia drivers are uninsured, and many more carry only the state minimum. If you’re hit by someone who lacks proper coverage, you might be stuck paying for your own medical expenses and car repairs—unless you have uninsured/underinsured motorist (UM/UIM) coverage.
Why it’s essential: UM/UIM coverage ensures you’re covered when the other driver isn’t. It’s an affordable way to protect yourself from the unexpected.
3. Is My Car Fully Covered for Repairs or Replacement?
Do you rely on your car daily for work, errands, or family needs? If so, collision and comprehensive coverage are must-haves.
- Collision: Pays for repairs if your car is damaged in an accident, regardless of fault.
- Comprehensive: Covers damage from theft, vandalism, fire, falling trees, or natural disasters.
If your car is newer or has significant value, these coverages can save you thousands in repair or replacement costs.
Tip: If your vehicle is older and worth less than $2,000, you might consider dropping these coverages to save on premiums.
4. Do I Have Enough Coverage for Medical Bills?
Even with health insurance, an accident can leave you with high out-of-pocket medical costs. That’s where Medical Payments (MedPay) or Personal Injury Protection (PIP) come in.
- MedPay: Covers medical expenses for you and your passengers, regardless of fault.
- PIP: Offers broader protection, including lost wages and rehab costs.
These options can provide immediate financial relief after an accident, so you’re not left scrambling to cover medical bills.
5. Can I Afford My Deductible?
Your deductible is what you pay out of pocket before insurance kicks in. A higher deductible lowers your premium, but can you comfortably afford $1,000+ if you need repairs?
Finding the right balance:
- If you have an emergency fund, a higher deductible can save you money in the long run.
- If you prefer lower out-of-pocket costs, stick with a lower deductible, even if it means slightly higher monthly premiums.
The Bottom Line: Are You Properly Protected?
If you answered “no” or felt unsure about any of these questions, it’s time to review your policy. Don’t wait until an accident happens – let’s make sure you have the right coverage today.
📞 Contact The Garza Insurance Group for a free auto insurance review and quote. We’ll help you customize a policy that fits your needs and budget! 404-860-1793 or CustomerService@garzaig.com