Campus News

Rate requirements

U.S. News & World Report spoke with UGA’s Robert Hoyt, the Dudley L. Moore Jr. Professor of Insurance in the Terry College of Business, for an article about car insurance rates.

Hoyt recommended people buy higher liability limits than their state’s minimum requirements.

“Bare bones insurance can put their assets at risk when they cause an accident,” he said. “(Consider) being on the hook financially for thousands of dollars in medical and car repair bills with not enough insurance to help pay for them.”