How Much Coverage Is Needed For Auto Insurance? 
Insurance assumes some of the risk in an auto accident . You need to decide how much risk you can afford . If you have assets that you dont want to lose , accept the highest liability limits that you can afford to protect you during a lawsuit arising from an accident . If you would be unable to replace your vehicle with available cash , take physical damage coverage so that your automobile will be repaired if damaged . The amount of the deductible will be a reflection of how much you can afford to handle yourself . In this process you are sliding financial responsibility to an insurance company because you are unwilling or unable to meet those responsibilities yourself . 