Seconded. State minimums are almost never sufficient. If you cause a wreck that sends someone to a hospital, they can sometimes hit state minimums before the ambulance pulls up to the ER. And then guess who the other guy’s insurance company is going to go after once your ins. co pays the limit…
If you price it out, you can often get much more coverage for not much more money.
USAA has, or at least had the last time I looked, a sterling reputation as the company to go with if you had access to it. They might not be the least expensive, but they have a better reputation than many for paying claims without trying to weasel out of them.
To me, your premium seems high, but then I’m middle-aged with a squeaky-clean driving record. If you’re young, male, single (I saw the “we” but you didn’t specify the legal status of that relationship), have a few speeding tickets and maybe a wreck or two on your record, then your rates are going to be much higher than mine. Since you didn’t tell us any of those details, it’s hard for us to even get a ballpark estimate of what we think you should be paying.
Were I in your shoes I’d call my agent and ask them to review your account for possible rate reduction. Doesn’t hurt to mention you’re considering jumping ship because the bills are so steep (though you’re under no obligation to follow through on that threat).