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Bodily injury coverage is one of the most important types of coverage in your auto insurance policy. This is because bodily injury coverage helps pay for an injured person's medical expenses and lost wages if you're at fault in a car accident. Bodily injury coverage can also help protect you in the event of a related lawsuit.
Most states require you to carry bodily injury coverage but in some states, the minimums can be as low as $20,000. If you are at fault in an auto accident, the medical costs of the other party can easily surpass this number. Your insurance company will then pay the $20,000 or the maximum benefit and you can be sued for the remaining payments. It's not that much more expensive to increase this coverage to $100K or even $300K; the extra cost in premiums will give you peace of mind knowing that you have this added protection.
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