This coming fall I will be starting my first full-time position and will have to buy my own auto insurance. I am currently covered under my parent's policy which has the highest limits (something like 500k) plus an umbrella policy.
As someone just starting out with ~10k in savings and a car worth about 10k to my name do I need the same policy limits for myself or would something lower be more appropriate?
If it makes any difference my salary will be about 50k but expect to be significantly higher in the future.
As someone just starting out with ~10k in savings and a car worth about 10k to my name do I need the same policy limits for myself or would something lower be more appropriate?
If it makes any difference my salary will be about 50k but expect to be significantly higher in the future.