How Much Car Insurance Should You Have? 
How much do you want ? If you have present and future assets to protect , you will want liability limits in amount to cover them in the event you are sued . Limits of liability in an auto insurance policy are typically available up to $ 1,000,000 . If you are less concerned about protecting your assets and/or are looking only to meet the requirements of your state , limits as low as $ 10,000 or $ 20,000 are available at lower cost . If you have no medical insurance or a medical insurance plan with higher deductibles and/or high co-pays , you may want to consider adding medical coverage to your auto insurance policy , often available up to $ 100,000 . If your car is other than a classic or collecteble car less than 10 years old you may want to include collision coverage for damage incurred in an accident and comprehensive coverage for other types of physical damage , both subject to a deductible you pay 1st , ranging from $ 0 at higher cost to as high as $ 5,000 for lower premium . Should and want are different for different people , so consult your insurance professional for a plan that 's right for you . 