Personal Auto Coverage

Personal Auto Coverage

Protect yourself now, and down the road, with the right auto insurance.

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Should you buy your auto policy online or from an insurance agent?

Should you buy your auto policy online or from an insurance agent?

There are pros and cons to both options, of course. Mutual Benefit believes that the “pro” that trumps all is the “pro”fessional advice and advocacy of an experienced agent. We care about your well-being, and we want you to be properly covered. We want you to have someone in your corner when you have insurance questions and need to make smart choices.

Unless you do a lot of research, and truly understand, for example, what could happen if you select stacked or unstacked limits, how can you be certain you’ve chosen the right type and amount of coverage? You may have found a cheaper payment online, but you may also find yourself facing hefty out-of-pocket expenses at claim time if you’ve purchased insufficient coverage.

If you do have a claim, or even just a need to change your policy or get an accurate answer to a question, who better to go to than an agent who knows you and your situation, and is used to working with your insurance provider?

Here’s where you can find the MBG independent insurance agent nearest you.

Here’s where you can learn why an independent insurance agent could be your new best friend.

And here’s where you can learn about what a basic auto policy covers; state coverage requirements; how to choose between minimum or maximum coverage; and how add-ons to your policy protect both your safety on the road and your financial security.

Couple in car with auto coverage

Why minimum liability limits

mean maximum risk for you.

The two types of liability insurance for personal and business auto are bodily injury and property damage.

Bodily injury includes medical expenses, lost wages, pain & suffering and legal fees.

Property damage is the direct physical damage you cause to another's vehicle in an accident.

"Minimum limits"refers to the baseline liability coverage you're required to hold for any vehicle you operate.

State legislatures set these minimums and regularly review and increase them to reflect rising claim costs.

In Pennsylvania,

Bodily injury liability is set at $15,000 per person and $30,000 per accident. Property damage is set at $5,000 per accident.

In Maryland,

Bodily injury liability is set at $30,000 per person and $60,000 per accident. Property damage is set at $15,000 per accident.

But if it's legal to carry this coverage, doesn't that mean it's enough?

The short answer: no.

As of 2022, the average auto liability claim costs were $6,551 for property damage and $26,501 for bodily injury.

Litigation costs continue to rise, putting the total cost of a claim atan 11% annual increase.

Sources: SwissRe Institute, Forbes

So what happens if you are held liable for claim costs above your insurance coverage limits?

You will likely find yourself in court, faced with a litany of litigation expenses and additional fees on top of the additional settlement amount.

And if you aren't equipped to pay these costs on your own, anything you own is up for grabs-your wages, real estate, vehicles, personal property and even retirement funds.

When in doubt, up your limits.

An additional $25 in premium today could end up saving you $25,000 down the road.

Protect your peace of mind with enough of the right coverage, and know you're protected no matter what life throws your way.

Your insurance agent can help you determine what is the appropriate amount to carry per vehicle to keep you financially safe no matter what happens.

Find an agent near you
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Want a Quote?

Let us help you find a nearby agent who can introduce you to a variety of companies offering affordable business insurance in PA & MD, including Mutual Benefit Group.

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