Why having the wrong insurance could cost you EVERYTHING.
You can be a very safe driver but if your vehicle malfunctions or weather conditions create a hazard, accidents can happen (and they do!).
A typical settlement after a car accident can be at least 3-5x the medical bills incurred. Pain and suffering, loss of earnings, loss of future earnings, and rehabilitation will all effect the personal injury settlement.
The average personal injury attorney will take about 40% of the settlement (read: increased settlements!!).
The average cost of a death from an auto accident is nearly 1.2M.
For most of us, that money isn’t readily available.
And if you do keep this kind of cash under your mattress, you probably don’t want to part with it.
If you wrote your own policy with some online carrier to save 15%, you probably don’t have the coverage you need.