Why You Should Focus on Liability Coverage
The main purpose of car insurance is to protect your assets in case you cause a serious accident.
While it can be expensive to repair a damaged car, that's nothing when you compare it to the costs of a major lawsuit and medical expenses.
Liability coverage includes payments for medical bills, lost wages, and any legal bills resulting from a lawsuit. It also covers damages caused to other people's property including their vehicles.
The costs resulting from a serious accident can be extremely high, and this is why state requirements for liability coverage are laughably inadequate.
Most states require you to carry only $50,000 in liability coverage per accident; regardless of how many people are injured.
Experts recommend you have at least $300,000 in liability coverage, and that you get an umbrella policy on top of that if you have considerable assets.
If you want to keep your premiums down, it's much better to raise your deductible and use the extra savings to boost your liability coverage.
Having a high liability coverage is even more important when you have a teenage driver on your policy. Teenagers cause a proportionally large percentage of liability claims.
If there's one thing you learn about car insurance, it's that you should focus on boosting liability coverage as your main focus.
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author

Got a Question About This Article?