Most people do not realize that insurance coverage for individuals, as opposed to the vehicle itself, is extremely inexpensive. If you own a home, or have any equity, it is extremely important that you have enough insurance to protect your assets. The rule of thumb, certainly, would be to obtain as much insurance as you can afford; however, there are several areas of insurance that are very important above all others.
Liability insurance coverage should be adequate enough to cover any assets you may own. However, even if you do not own any assets, you should carry underinsurance coverage which will protect you in the event the other driver is underinsured. You should also have Medical Payment coverage. This coverage will be supplementary to any no-fault benefits you have available. You do not have to wait for the anniversary of your policy to expire to obtain additional insurance. You will be very surprised to learn that adding additional coverage for yourself and your family members can be surprisingly inexpensive.