Minimum Coverage

Yes, you can save money by getting the absolute minimum auto insurance. However, this won’t protect you especially if you own a lot of assets or properties. If you were in an accident that injured someone else, and this accident was deemed your fault, then with only minimum coverage you are not likely to be covered for the injured persons medical bills. If you have a lot of assets and only minimum coverage, an attorney can and will target those assets.

Bottom line, it is usually someone who owns little in the way of extra assets that should purchase only the most bare minimum auto insurance coverage. It is a good idea to directly talk to insurance agents or call any one of the insurance carriers to see if they can drop or add features to your insurance that may decrease cost, or perhaps increase the insurance policy cost by only a small amount but in turn bump up your coverage to also cover possibly unexpected consequences.