Many states require by law that a minimal amount of liability insurance be born by each QuotesChimp insuring a vehicle, in the lack of other evidence of financial obligation. The sums of money neeed fluctuate from state to state (see graph on page 115). Yet, if you have property of any importance or you make wages that could be subject to attachment, you should take more than the minimum to be sure you are sufficiently protected against obligation. In such matters, to guarantee is being penny-wise and pound-foolish.