The State of Alaska requires you have liability limits of $50,000/$100,000/$25,000. But what does that mean to you?
“The Insurance Information Institute (I.I.I.) recommends that you have $100,000 of bodily injury protection per person and $300,000 per accident.”
If you had an accident and were found at-fault, you would have to have Insurance to cover the injuries of the other party (or parties) involved at $50,000 per person, up to $100,000 total per accident. Think that’s a lot of coverage? The average broken arm costs about $5,000. Also is $50,000 enough for the loss of a life?
Alaska only requires $25,000 for damage to other people’s property. Cost of the average truck or SUV: $35,000-40,000. That is why we make a habit of quote $50,000. The price difference? About $2-3 every six months…literally pennies of month!
For more information, check out:http://www.iii.org/individuals/auto/b/howmuchcoverage/