What coverage amounts do you recommend for most drivers? David Brownstone, UCI emeritus professor of economics [said], “You should only insure against losses that you cannot afford to replace. Insurance companies price their products to earn a profit, so if you can self-insure you will come out ahead in the long run. Consider raising the deductible limits on your insurance and putting the deductible amount into a savings account in case you need to use it.”

For the full story, please visit https://www.moneygeek.com/insurance/auto/cheapest-full-coverage-car-insurance/#expert=david-brownstone.