• Why it matters: Insurance carriers have studied the data and they know that new customers that purchased higher levels of liability coverage with their prior carrier perform better (have less claim costs) than customers who carrier low liability limits.

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• What you should do: Before shopping for a new carrier, call your current insurance company and make sure that your liability limits are no lower than $100,000 per person, $300,000 per accident and $100,000 for property damage. In addition, when seeking a new quote ask for at least 100/300/100 or better yet, 250/500/100 limits.

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• TIP: Most insurance carriers use this variable as a significant rating factor with the hardest weight held against those that carry the lowest limits. However, we have not come across any carrier that stipulates how long before changing carriers you need to carry the high limits so changing now could help lower your new rates by as much as 40%.