Is automobile liability insurance enough? It really depends on each person’s individual circumstances.
In 1974, the Arizona legislature mandated that every driver is insured to the tune of $15,000/$30,000/$10,000.
Now, 43 years later, even though cars are more expensive and medical costs have skyrocketed, the minimum mandatory insurance limits in Arizona are the same.
To begin, you must carry at least a mandatory minimum as required by Arizona law. Thereafter, you have to determine your own personal financial circumstances.
The purpose of insurance is to provide financial protection for your family. If an accident occurs, you do not want to be responsible for all financial damages caused to the victims of the accident.
Insurance protects you from this. So, if you are a student and don't have a lot of assets or lot to protect, the minimum may be enough. However, if you are a working professional with a high income, a nice house, nice cars and financial assets, you should probably be carrying a much larger policy.
How much is enough? Insurance is peace of mind. It is financial protection that you hopefully will never need to use.
You and your automobile insurance agent should make this determination together.