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The amount of necessary auto insurance to cover you depends on how much assets you have. If you are a homeowner with substantial savings, but have minimal coverage such as 15/30/5 you could be at risk and lose everything in an accident. You open yourself to a lawsuit. Most insurance professionals recommend 100/300/100 and then maybe an umbrella policy on top of that. If a person is at the lower end of the economic scale and is driving an older car, and operating on a tight budget, he could raise his deductible and get higher coverage and still be affordable. It's a tightrope between getting the coverage that you feel safe with and your budget. Good luck! David Albers

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Q: How much auto insurance is necessary?
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