The laws are vary from country to country, for example if you having assets for ten lakhs and you insured the car for two lakhs and in the event of accident of your fault and the medical bill of the other party exceeds the two lakhs then you are liable to pay his medical expenses bills from your pocket. This is the case in USA; hence your policy cover should be taken accordingly.
Hence you have to keep in mind the following points:1) Determine your country/state insurance requirements.
2) While opt for Insurance plan according to your financial condition so that protect your assets too.
3) Check your current policy premium and coverage and compare it with other agencies and competing quotes from Insurance companies.
4) Most of the auto mobile Insurance companies offer a variety of Insurance with covenant payment option.
Last but not the least; The auto mobile insurance is one that is necessary to ensure You and Your Car remain protected against injury, accident, theft or other liable damages.