Do you need superior coverage or the lowest quote possible for your profile? This may look like an odd question but it isn’t. Getting the best auto insurance is highly recommended but NOT in every situation. There are times when you just need enough to stay on the right side of the law. I’ll show you an example and also show you how to do it without putting yourself at risk…

Do you have an old car that does not fit into the classic class? Then you need only meet the minimum auto insurance requirement. No matter how much you pay in premium, you won’t get anything meaningful enough to warrant maintain comprehensive or collision coverage types for such a car. The simple reason is that reimbursements or compensations are based on your car’s Kelly Blue Book value. It’s a convention that helps insurance companies what you should get when you make a claim. Very old cars aren’t worth much, you’ll realize, once you start filing claims.

So unless yours is a classic, don’t pay for very extensive coverage — Go for the minimum.

Won’t it be risky to cut reduce the liability part of your policy to the barest minimum? Yes, it would. But, there’s a better way to do it…

Get an umbrella policy and reduce the liability part of your auto insurance policy to the barest minimum. The protection you’ll get for each dollar you pay as premium in this policy will be far more than anything you can get from even the most extensive of auto insurance policies. Furthermore, an umbrella insurance policy will typically bankroll fully even the craziest of lawsuits and all you’d have to pay are very affordable premiums.

For just less than $300 you can easily get $1 million coverage with an umbrella policy. You’ll likely pay several times more if you want to get this level of personal liability coverage from your auto insurance policy.

And I almost didn’t tell you that it will cover all liability claims against you and NOT just those related to your vehicle.

But, please, don’t make the mistake of staying without any form of auto insurance if you must drive — It’s against the law. And since you just want to keep the law but still save much, look for the cheapest offers. You won’t be breaking NEITHER the law nor the bank. I’d advise you to ensure you really understand this tip before applying it — It doesn’t hurt to discuss it with a trusted agent.

To ensure you really don’t pay a dime more than you should, get and compare quotes from many insurance providers. And don’t forget to choose the highest deductible possible if you’re getting quotes for an old car. It will help you save even more.

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