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Why State Minimum Bodily Injury Limits Might Not Be Enough

March 31, 2022

Minimum Bodily Injury

You might think that if you drive safely, you don’t need to worry about the risk of getting into a car accident. Defensive driving skills may minimize your risk, but you can’t account for the actions of others on the road. Also, that’s why thousands of accidents happen each year in Massachusetts, and hundreds of people lose their lives. In addition to the risk of death or injury, an accident poses the risk of causing severe financial distress. Then, you might suffer more if you are only insured with the state minimum bodily injury liability limits. What is the best bodily injury coverage for drivers in Massachusetts and throughout the U.S.? Find out why the state-mandated minimum coverage is likely insufficient.   

Potential Litigation   

Unfortunately, lawsuits are on the rise, and many of these lawsuits are related to auto accidents. Moreover, if you happen to be involved in a collision, you may be the latest defendant in an overly litigious environment. Then, the required minimum limit for bodily injury coverage in Massachusetts is only $20,000 per person and $40,000 per accident. These minimum limits will not be enough if you are sued and found responsible for an accident involving several injuries. 

Threat to Assets   

With Massachusetts’ state-mandated auto liability coverage limits so low, a driver’s assets are at risk in the event of a lawsuit. However, litigation could threaten these assets if you own a home, vehicle, or other property. Additionally, this gets worse if the plaintiff achieves a settlement that exceeds the coverage limits of your MA auto insurance policy. Your assets are particularly vulnerable if you are found to be at fault for the accident.   

High Medical Bills   

Drivers in Massachusetts should also consider the high costs of medical care. The aforementioned minimum coverage amount of $20,000 per person may only cover a small fraction of the expenses incurred by an accident. What happens if you are found liable for a collision that causes $80,000 in medical costs? If you only carry the state-mandated minimum coverage, you will be personally responsible for covering the expenses that exceed your policy.   

Out-of-Pocket Costs   

If a court rules against you, you could face exorbitant out-of-pocket costs. They may seize your assets or place a lien against them to satisfy the judgment. Otherwise, they may institute a payment plan or wage garnishment from your paycheck each month. It’s best to avoid these outcomes in additional bodily injury liability coverage.   

About E.J. O’Neil Insurance Agency

Since 1898, E.J. O’Neil Insurance Agency has provided homeowners with reliable coverage and high-quality customer service. Today, we offer a variety of policies, including commercial, boat, automobile, homeowners, motorcycle and renters insurance. Quotes are free by phone or online request, and we can provide notary and other services at our location. We pride ourselves on caring for customers when they need it most, proving it with over $3.2 million in claims paid over 12 months. To find the right coverage for your need, call 413-594-4757 or visit us online.