How much Tennessee Auto Insurance Coverage Do I Need?

A: We see people every day who are injured first by a careless driver, and injured again by their own auto insurance policy. Tennessee only requires $25,000 in liability coverage but it’s very risky to only have the minimum coverage. Often times raising your insurance limits a substantial amount (several hundred thousand dollars) will only cost a couple of dollars per month.
Liability coverage applies when you accidently cause a wreck. You may think you are a safe driver and only need the minimum coverage, but what happens when you are seriously injured by someone without insurance? That’s when UM coverage comes into play.

UM coverage provides money when you are injured by a person without insurance or not enough insurance. Not having enough UM coverage can be costly.

For example, we represented a young man who sustained serious injuries in a car crash. His medical bills alone totaled $100,000, but the driver of the other vehicle had no insurance. Unfortunately our client only had $25,000 in UM coverage. Needless to say, our client was left holding the bag.

As a starting point, we suggest that everyone have a minimum of $100,000 in liability coverage and uninsured motorist coverage.

Here are some additional factors to consider:

Have at least enough liability coverage to cover your net worth
Never waive uninsured motorist coverage, which protects you from an uninsured driver or underinsured driver
The more drivers covered on the policy the greater the risk, so more coverage may be required
Consider an umbrella policy to protect from catastrophic injuries
If you don’t understand your policy, call an experienced auto accident attorney

Bailey & Greer represents people with auto accident claims in Tennessee and Mississippi, including Memphis, Germantown, Bartlett, Cordova, Collierville, Arlington, Lakeland, and all of Shelby, Fayette, and Tipton Counties. We have also handled cases in Arkansas, Georgia, and Missouri.