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Dave Ramsey believes $500,000 worth of liability auto insurance is the bare minimum you need.
Buying car insurance is required by law for drivers in most states. But motorists often shouldn't just stick with the legally mandated coverage; they should generally purchase additional auto insurance as well. Of course, paying for added insurance means more money coming out of a bank account, so drivers don't want too much coverage either.
To figure out how much is enough, it can be helpful to look at a suggestion from finance expert Dave Ramsey about the amount of coverage most people need. Here's what Ramsey had to say.