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.
My Recommendation for Car Shoppers
TrueCar No-Haggle, CarsDirect, and Ryde Shopper are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. 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
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