How Much Car Insurance Do You Need?
Your state may require a certain amount of coverage, but it's not always enough By CHUCK TANNERT Updated March 19, 2024 Reviewed by ERIC ESTEVEZ Fact checked by BETSY PETRICK Betsy Petrick Fact checked by Betsy Petrick Full Bio Betsy began her career in international finance and it has since grown into a comprehensive approach to journalism as she's been able to tap into that experience along with her time spent in academia and professional services. Learn about our editorial policies Part of the Series Guide to Car Insurance 6 Strategies to Protect Income From Taxes CLOSE How much car insurance you need depends on several factors, including where you live, how much your car is worth, and what other assets you need to protect. Here's what you need to know. KEY TAKEAWAYS Most states require you to have at least a minimum amount of insurance coverage for any injuries or property damage you cause in an accident. Collision coverage, which is optional, covers damage to you...