When you are a driver in South Carolina, you need to carry at least basic auto insurance. It is the law. Everyone wants to be compliant, but is just having the basic required auto insurance the right choice for you? When you have a local independent insurance agent who can provide guidance, it is easier to make an educated decision. In Columbia, SC the Michael Taylor Agency has an experienced team to offer assistance to our customers. We will ask the right questions to get the answers we need to help you make the right choice.
In South Carolina, basic auto insurance is liability only coverage. The mandated amount is 25/50/25. That means $25,000 in property damage along with $25,000 for injury to the first person hurt in the accident with the entire accident topping out at $50,000. With current medical costs and vehicle prices, this may not be enough to protect your assets.
If you lease your vehicle or have a car loan, basic auto insurance isn’t going to be enough. You will need to have additional auto insurance in the form of collision and comprehensive coverage to protect your vehicle. The lender or lessor has a vested interest in your vehicle and wants to protect their investment.
Beyond that, if you are the at fault driver you are responsible to repair or replace your own vehicle. If you can easily do this with savings then maybe you are fine with basic insurance but if like most people, this would pose a problem, you should add collision coverage. Additionally, comprehensive coverage will repair or replace your vehicle if something beyond your control happens to your vehicle.
If you live in or near Columbia, SC, stop into our office at the Michael Taylor Agency to talk to a member of our team about what coverage is best for you and your situation.