Get a $1,000 deductible, say our experts in car insurance. That way, you will put in a claim in case your car gets damaged even in a small way. And what happens if your car windshield gets chipped, well, no worries, if you got "full glass" coverage you can actually expect to be reimbursed for glass damage. Expensive cars probably qualify for an even higher deductible, or else you will end up footing the bill for all the small niggles yourself. And every small niggle on a Porsche costs a hell of a lot of money.
For you and your family members residing with you, the real protection is not about protecting your car, but about protecting yourself. What happens if you are hit by a rookie driver who is not insured, or just about insured, with a plain vanilla no frills policy. So forget shopping on price. For once, even if uninsured motorist protection isn't mandatory coverage, and you can have a policy without it, don’t go for it. The amount of coverage should be corresponding to your primary liability limits.
An umbrella, or "excess," policy is the norm. Once considered as an extravagant luxury, it’s become a must if you are driving luxury cars. We are talking about $2 million umbrellas these days. That’s because the more assets you have, the bigger you are as a target for lawsuits. If you have teenagers driving, consider increasing your umbrella.