First, take good care of yourself and your family. You may want to increase your personal injury protection (PIP) coverage because medical and wage loss in a serious accident could easily exceed the minimum $20,000 coverage.
Again, in the interest of protecting yourself, you should increase your uninsured and underinsured coverage to the maximum that you can afford. In many cases, the only insurance available to compensate you adequately for injuries and wage loss is your own uninsured coverage.
You might be surprised by the low premium increase required to raise your PIP and uninsured/under insured coverage. There is often a catch, however. Whatever you raise your uninsured/underinsured coverage to, it must be matched by the liability limits. This is where the premium increase is more apparent. If your budget is tight, consider increasing the deductible on your collision and comprehensive coverage, and use the savings to cover the increase in liability coverage.
Armed with this information, we suggest that you sit down and talk to your insurance agent so that you can be further educated as to the benefits of increased coverage.