There's a minimum sum of liability coverage set individually in every state. But it is likely that you'll have to buy more car insurance coverage than it is set buy state legislation because car accidents involve greater sums of money. In case you're at guilt in the accident and the bills are more than your auto insurance coverage can pay for, you'll have to cover the difference all by yourself. Imagine how this could result on your budget!

About $100,000 per person or $300,000 per accident are recommended by the Insurance Information Institute (I.I.I.) for bodily injury. There are options of buying an insurance umbrella or excess liability policy. They are applied when your coverage expenses run out. In the majority of cases, you pay about $200 to $300 each year for a million dollar coverage. If a single insurance company renders you the services of both homeowners and car insurance, be sure to check on its prices first. And when you are provided with insurance coverage from multiple companies, it might be more convenient for you to get it from your car insurance service provider.

It is advised that you buy collision and comprehensive coverage together with liability coverage. In case of these types of coverage the price is regulated by the market value of the car and its repair costs.

You should also consider the size of a deductible — the money for a claim before you are reimbursed by the insurance company. Deductibles usually range between $500 $1,000 and the rule is that the higher your premium, the lower your deductible.

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