The State Minimum: Short Term Thinking For Insurance in Wichita, KS

Every citizen in the state of Kansas wants affordable insurance. Money is tight and times are tough, and it should not take a lot of forethought to shave off some on a potential insurance bill every month. Yet, this could be counter-productive. Is the state minimum really the best way to go for Insurance in Wichita KS?

What is the Current Minimum?

The Kansas state minimum rests at 25/50/10. These numbers are translated to dollars: $25,000, $50,000, and $10,000, respectively. The $25,000 refers to the total limit for bodily injury. It means that the insurance will only pay out $25,000 to cover any injuries sustained. The $50,000 number refers to the total payout. It means that the state insurance will not pay out more than $50,000 for a single claim in total. This includes any damage to the vehicle, body injury, injuries to others, property, etc. The details of this may vary slightly, but the general rule is a $50,000 total payout. The final number of $10,000 refers to property damage, and it is usually relevant for single-vehicle accidents and smaller incidents.

Is This Good or Bad?

Compared to the average of most states, a minimum of 25/50/10 is not far off base. It sits right in the average. But, this does not necessarily mean it is a worthwhile buy. Opting for the minimum may not be a decision where the ends justify the means. In other words, it just won’t go very far after a major accident.

Anyone who has faced a medical emergency of one kind or another knows just how scary the experience truly is. Secondly, they know that medical bills add up quickly, and $50,000 may just be the start. For a modest increase, the $50,000 total can be boosted within Insurance in Wichita KS.

The smartest approach here is to look at the cost for the minimum and the cost for something just a little better. For example, it may cost an additional $15 a month to increase the rates to 25/100/20 in total. Speak with a representative at Andy Woodward Insurance for an assessment of various insurance costs, and consider a small jump to double or triple the minimum.

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