Anyone who owns a car, or lives in a household with cars, should have auto insurance, it's a no-brainer right? Well there are different types of insurance, and different amounts. Most people think about insurance as it relates to damage done by them. However, you should be especially concerned about coverage for when you are injured by someone else's negligence. In addition to liability coverage in an amount that exceeds the value of your assets, make sure you buy: the maximum amount of PIP (personal injury protection) coverage--DO NOT TAKE A DEDUCTIBLE MEDPAY (medical payments) again no deductible UI (unisured/underinsured) coverage. You should have at the very minimum $100,000/300,000--in benefits, I recommend $500,000/1,000,000 UI provides benefits to you, or members of your household who are injured as the result of someone without insurance, or with insufficient insurance. Every owner of a policy should buy it. You can't use someone else's policy (generally) if you own your own. Every state is different, but it's critical that you examine your policies to make sure that if the unthinkable happens, you will able to recoup your lost wages, medical bills, and pain and suffering.