When purchasing car insurance for the first time in Pennsylvania, understanding what constitutes a good amount of First Party Benefits (FPB) Coverage is crucial for adequate protection. FPB is a type of coverage in Pennsylvania’s no-fault insurance system that pays for medical expenses and, in some cases, lost wages, in the event of an accident, regardless of who is at fault.
The state minimum requirement for FPB coverage is relatively low, with a minimum of $5,000. However, considering the rising costs of medical care, it is often advisable to select a higher limit to ensure you are well-protected. Commonly recommended amounts are $10,000, $25,000, or even higher, depending on individual financial situations and perceived risk levels.
Higher coverage limits provide greater peace of mind and financial security in case of serious injuries. Additionally, increasing FPB limits is generally not as expensive as increasing other types of coverage, like collision or comprehensive, making it a cost-effective method to enhance your protection.
Consulting with an insurance agent can help tailor your coverage to fit your specific needs and provide a more personalized recommendation based on your situation. Moreover, consider factors such as your health insurance coverage, personal financial reserve, and risk tolerance to determine the appropriate level of FPB coverage.
