Just realized recently that Arkansas has some pretty specific rules about how much car insurance coverage you gotta have. I mean, I knew there was a minimum, but didn't realize it was set at 25/50/25 (that's $25k per person injury, $50k per accident, and $25k property damage). Figured I'd share since a buddy of mine got caught short after a fender bender and had to pay outta pocket...ouch. Curious if anyone else has tips or hacks for getting decent coverage without breaking the bank?
Had a similar wake-up call myself a few years back. Thought I was being smart by sticking to the minimum coverage until a coworker rear-ended someone driving a brand-new SUV...let's just say 25k didn't even scratch the surface of that repair bill. After hearing his horror story, I bumped up my coverage limits and shopped around—turns out bundling home and auto saved me enough to offset the higher coverage costs. Worth checking into if you haven't already.
"let's just say 25k didn't even scratch the surface of that repair bill."
Yikes, that's exactly why I upped mine too. I used to think higher coverage was just insurance companies trying to upsell me...until my neighbor's kid backed into a Tesla parked behind their driveway. The repair cost was eye-watering, and their minimum coverage barely made a dent. Bundling did help soften the blow for me as well, but honestly, I'd rather pay a bit extra each month than risk getting stuck with a massive bill down the road.
Good call on upping your limits—repairing a Tesla bumper alone can eat your deductible for breakfast, lunch, and dinner. Seen it happen more times than I'd like...makes those extra few bucks per month suddenly feel worth it, huh?
Yeah, Teslas and luxury cars can really spike repair costs fast, seen it myself. Wondering if anyone's looked into umbrella policies? They're pretty affordable and can save your skin if things get serious...might be worth considering.
