SD SR22
Q: How much SD SR22 coverage should I have on my policy?
A: Depends on what’s most important to you–money, or safety? I like to pay the least amount possible because I’m a brillant driver (…), so I squeeze by with the least amount of SD SR22 coverage allowed. Here’s what I have:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability
That amount will keep you in the green with the state. However, most reasonable people will point out that if you get into a bad accident, costs are likely going to be twice as much. If you can deal with the higher costs, then raise your limit.
It changes, too, if you are leasing or financing your car. If you’re doing this, you usually have to have comprehensive and collision insurance also, which adds some more coverage on. If you want to save money on those two, since you don’t really have a choice, you can raise your car insurance deductible.