Serving Northeast Ohio
Since 1994
Let us help you
Home Page


Now, more than ever, it’s important to keep costs down.  Here at Regency Insurance, we understand that every dollar counts.  However, I’m noticing a disturbing trend that I want to share with you.

I have been an insurance agent since 1991.  Back then, the average person quoted had auto liability limits of $100,000 per person/ $300,000 per accident.

Guess what?  The average person still has these limits! 

What does this coverage pay for?  It provides the money used to cover the “bodily injury” to another party which is caused by you or a covered driver under your auto policy.  Bodily injury can included medical costs, lost wages and pain & suffering.

As we all know, the price of everything keeps going up.  Medical Costs are no exception.  According to the U.S. Department of Labor, general medical and surgical hospital costs have risen over 77% since 1992 (source:  

This means that the limits of liability you have today will pay for only 56% of the medical costs it would have bought in 1992.

The limits of liability you chose when buying an auto policy (or any policy for that matter) is meant to be a financial buffer between the injured party and your personal assets (which can include future wages).  The more liability insurance you purchase, the less likely you are at risk of losing your personal assets in a judgment. 

Bottom line:  It may be time to reassess the amount of liability insurance you should have as medical costs increase, in order to protect you and your family from financial loss.  Especially, if you have limits of $100,000 per person/$300,000 per accident, or lower.

So How Much Will It Cost?

Every insurance company is different, but typically, increasing auto limits of liability (as well as uninsured motorists) from $100,000 per person/$300,000 per accident, to $250,000 per person/$500,000 per accident, will cost between $75 to $125 per year based on two cars and two drivers.  That’s around $10 per month to better protect you, your family, and your assets.

Please give us a call toll free at (800) 350-6876 or email us if you are interested in getting more information on increasing your protection.  We’re more than happy to provide you the “what if” quotes you need to make an informed decision, and get the “peace of mind” you deserve.

~Regis Coustillac, CIC

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Have Other Questions?

Policies Carrier Contacts
Need to report a claim? Contact your carrier directly.
Refer Customer Service
Self policy service any time of the day, directly from our website.
Newsletter Request a Quote
Request a quote online and let us do the shopping for you.

Knowledge and Expertise

About Us 

Regency Insurance Agency is a professional, independent agency with the customer in mind. We have relationships with dozens of insurance companies, allowing you to get the right price with the right service.


Our Latest Blogs

Read More Read More Read More
Our Office Connect With Us

Main Office

1930 Mentor Ave
Painesville Twp., OH 44077

Map & Directions

Contact Us Today!

PH: 440.266.8888
PH: 800.350.6876
FX: 440.266.8899

    Facebook LinkedIn
Your Trusted Advisor
Home Get A Quote Customer Service About Us Contact Powered by Insurance Website Builder