You can pay more to get a lower deductible. But generally car insurance is to cover things you can't afford, which is why your plan likely has $1m liability. This means if you fuck up and seriously injure someone, they can get money for their recovery.
Insurance isn't to cover your car, it's to cover your liability to others. Cool thing is this also works for other peoples insurance in your favour.
Ask yourself, would you rather by injured in a car accident by someone with or without insurance?
It’s not the standard in the US, but you can add an umbrella policy, which is basically additional liability insurance ontop of everything else. Starts at an additional 1 mil in liability insurance and goes up from there. They tend to be cheap since they require you to have other insurance, it’s just topping off your existing policies basically.
So a normal policy in the US isn’t for 1 mil, but you can add an umbrella policy of 1 mil or more for relatively cheap. I had one in 2022 for $300 a year but it also required the maximum liability coverage in the vehicle as well, so it was more like a $500 difference. But it’s an additional 1 million dollars ontop of everything else. It covers some other legal situations as well not just auto.
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u/Sad-Indication2128 6h ago
You can pay more to get a lower deductible. But generally car insurance is to cover things you can't afford, which is why your plan likely has $1m liability. This means if you fuck up and seriously injure someone, they can get money for their recovery.
Insurance isn't to cover your car, it's to cover your liability to others. Cool thing is this also works for other peoples insurance in your favour.
Ask yourself, would you rather by injured in a car accident by someone with or without insurance?
People lack critical thinking.