Maybe you think if you have $25,000 in liability coverage and you want $250,000, your premiums will be ten times as much.
It can be confusing to get all the information you need to make informed decisions about how much insurance coverage you can afford, so we did a cost comparison of premiums charged by five large insurance companies. Here’s what we found:
If you call your own insurance company about buying more coverage, you may find that the increase in your premium is not the same as the ones our research showed; however, you will be surprised that the increase is nowhere near five or ten times what you presently pay.
Allstate – The difference between $25,000 and $100,000 was about $500 annually.
Progressive – The difference between $25,000 and $250,000 was about $400 annually.
Nationwide – The difference between $50,000 and $500,000 was, astonishingly, about $100 annually ($8.33 per month!).
Just do the math!
You pay a little more money for a lot more protection.
Make a choice and buy the additional coverage. If you have any questions, please call us.
Source: The Truth About Buying Washington Auto Insurance by Jason Epstein