Auto Insurance / Car Insurance

Why minimum coverage equals maximum risk

If you've ever seen an insurance company advertising “cut-rate” coverage, “state minimum coverage,” or “barely-legal coverage,” this should raise red flags about how much – or how little – protection you're getting. When you look under the hood, what you're paying for is mostly just a false sense of security.

Consider this scenario:

  • Driver A doesn’t see a stop sign, fails to yield and hits Driver B.
  • Driver B’s vehicle is crushed. The insurance company determines the vehicle is totaled and places a replacement value of $24,525.00.
  • Driver B suffers a serious injury, which requires emergency surgery ($32,000) and a one-week hospital stay ($15,723). After Driver B leaves the hospital, he must undergo extensive physical therapy (15 sessions @ $315 per session).
  • Since Driver B cannot return to work for 8 weeks, he sues Driver A for lost wages (apx. $7200).
    Trying to save money, Driver A had carried the minimum amount of auto insurance required by the state of Louisiana, which is $15,000 bodily injury protection per person and $25,000 property damage for a total of $40,000 per accident.
    The court finds Driver A liable for all of Driver B’s expenses.
  • Let’s see how the budget insurance worked out for Driver A:
    • Total liability: $84,173
    • Insurance paid: $40,000
    • Driver A OWES: $44,173

This is why Charlotte A Ray Insurance feels the need to make you aware of greater than “state minimum” coverage options. Your family deserves better than barely legal protection! Ask a Charlotte Ray agent to show you coverage that gives you the sensible protection you need at rates you can afford.

Ask about our multi-car, multi-policy discounts

Some of our options include:

  • Auto
  • Motorcycle
  • Boats
  • Personal watercraft
  • RV's
  • ATV's / Off-road vehicles
  • Trailers
  • Classic Cars/Antique Automobiles
  • Umbrella