Basic auto insurance is what is required by the state. Every state has its own basic insurance amount. In Georgia, basic insurance is liability coverage. Georgia is a 25/50/25 state. What this means is drivers in Georgia must carry $25,000 liability coverage per individual with a total of $50,000 per accident and $25,000 for damage to property. The required insurance protects other drivers and their passengers from you, but what about your vehicle? At Coosa Valley Financial Group in Rome, GA we are independent agents and we work for you, not a specific carrier. It allows us to find the right policy at the best price.
Basic auto insurance protects other people from you. If you have limited assets, don’t own a home, or have savings then that coverage is probably a good choice. It won’t replace your vehicle or repair it so it is right for you if you have a vehicle with very little value. For most other people, basic insurance is a place to start but not where you want to end up. If you have a serious accident where you are at fault, $50,000 in liability isn’t going to provide enough protection given the cost of even one day in the hospital.
If you need your vehicle to get to your place of employment, to get to appointments, to go to the grocery store then you need to also have insurance that will repair or replace it in the event of an accident or some other damage. What would you do if your car was stolen? If you have collision insurance it will cover your vehicle in an accident and provide a rental car while your vehicle is repaired or replaced. Comprehensive insurance will cover you from theft and other non-collision damage.
For most people, basic auto insurance isn’t a good choice. If you have questions the staff at Coosa Valley Financial Group in Rome, GA has answers. Give us a call or stop by the office for a free quote.