This is a very difficult question to answer. There are two general reasons to have bodily injury coverage – legal and moral. From a moral perspective, it is nice to have bodily injury coverage so that if you were to injure someone there would be coverage for that. From that perspective, you should carry as much as you can afford. Legally, it is more important to have higher limits if you have high income and assets. Obviously, if you were to have higher limits, this more protects you if you were to get sued. On the other hand, if you have no income and are judgment proof, then there would be little reason to carry high bodily injury limits, legally. In general, it is wise to consult an attorney, your financial adviser and other professionals to figure out an appropriate amount of bodily injury coverage for your situation.
