One of the choices drivers in Cloverly, Colesville and elsewhere in Maryland will have to make when buying an insurance policy is picking out a liability policy limit. This is the top amount your insurer will pay out in the event of an accident with property damage or injuries to others. Policies with lower limits will have lower premium costs. However, in the case of an accident where damages exceed your coverage, you could wind up on the hook for the excess expenses.
In general, the legal minimums are probably not high enough to thoroughly protect you. Here in Maryland, the minimum limit is $60,000. If you are in an accident that causes more than that in medical bills and property damage, you will be legally responsible for the excess.
To pick the best liability limit for you, consider a number of issues. How is your driving history? Careful drivers are less likely to get into at-fault accidents, and could, without an excessive amount of risk, carry a lower limit on their liability policy. While accidents are more common on surface roads, they are more expensive on the highway. If you do a lot of highway driving, you may want to consider higher limits. Carefully consider all factors, and choose the liability limits on your policy with those in mind.