How Much Insurance Do You Really Need?

Poring over the minutiae of a car insurance policy is about as appealing as preparing a tax return. But you know you need to do it, even if it is tedious and sometimes financially painful. Most people never bother to scrutinize their policies before whipping out the checkbook at renewal time each year. Consequently, some could end up paying for coverage they may not actually need, while others go with the cheapest coverage possible, perhaps leaving themselves financially exposed if the worst happens.

By better understanding the various components of auto insurance policies—and, more importantly, how they relate to your own financial situation—you can save money while getting the protection you need.

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