How much uninsured motorist coverage do i need?

Considering approximate costs for uninsured motorist coverage can be helpful when selecting the right coverage level.

Here are some examples of approximate costs for different coverage levels in the United States:

1. State Minimum Requirements: This is the lowest level of legally required coverage, typically including Bodily Injury and Property Damage coverage. Prices for this level of coverage can range from approximately $50 to $200 annually, but prices vary depending on the state.
   
   

2. Low Coverage Limits: If you want more than the minimum requirements, you might consider coverage with higher limits, such as $25,000 for bodily injury per person and $50,000 total for bodily injury per accident, with $25,000 for property damage. Prices for this coverage level usually range from $100 to $300 annually.
   
   

3. Standard Coverage: Most drivers opt for standard coverage, which includes higher limits for bodily injury and property damage. For example, coverage of $100,000 for bodily injury per person and $300,000 total for bodily injury per accident, with $100,000 for property damage. Prices for this coverage can range from $300 to $800 annually.
   
   

4. High Coverage Limits: Drivers seeking maximum protection often choose high coverage limits. This may include coverage of $250,000 for bodily injury per person and $500,000 total for bodily injury per accident, with $250,000 for property damage or even more. Prices for this coverage may exceed $1,000 annually.
   
   

5. Underinsured Motorist Coverage Add-On: It’s also important to consider an underinsured motorist coverage add-on. This additional coverage can cost an extra $20 to $100 annually, depending on the coverage level.
   
   

These are rough estimates, and actual costs will vary depending on factors such as your location, age, vehicle type, and driving history. To determine the exact price for your uninsured motorist coverage, it’s advisable to consult with an insurance agent who can help tailor the coverage to your needs and budget.