Stu, that's some good advice. Full Disclosure, I'm an insurance agent. From my experience I can say anyone who has state minimum coverage and thinks that's ok is like the FUD who has carries a Jimenez arms for self defense.

Liability is relatively cheap. If you really are not sure about your coverage find an agent who has been in the industry for a few years (this is a mass hire/mass fire industry, the weak and stupid wash out in the first three years) and have a review. If you think the guy (or gal) is trying to sell you a bunch of coverage you don't need, get a second opinion.

Last year I had a family with 16 year old girl who ran a stop sign and flipped an SUV with a 72 year old couple in it. We paid the policy limits for them. I had another client who was T-boned by someone texting through a stop light and woke up in Littleton Adventist after 20 days in a medically induced coma. The girl who hit him had state minimums and he went after the parents.

If you are on a budget, raise you deductible. It's far easier to write a $500 check for the higher deductible than the $50,000 check to an attorney or guy you hit.