Why You May Need an Umbrella Policy
Many car insurance companies limit your protection to a maximum of $300,000 per accident - sometimes as high as $500,000.
If you have considerable assets (such as a home), getting an umbrella policy is a very smart decision.
First of all, umbrella policies are relatively inexpensive because they are rarely used. You can get a $1 million umbrella policy for less than $350 per year.
Furthermore, an umbrella policy will cover both your car and home insurance beyond their limits.
The cost of umbrella insurance will be a bit higher if you have a teenager on your policy, since they tend to cause a large percentage of high-cost claims.
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?