[NewellCrazy]

With today's medical costs, $100,000 per person of bodily injury liability is barely adequate to cover a bit of hospitalization for an accident victim. So if your criteria is having enough to pay the other guy's expenses in case of a serious accident, then 100k/300k is probably a minimum and 200/500k a more comfortable figure. The higher limits may not cost very much more either, since the risk to the insurer does not increase proportionally. Consider property damage also - how much damage to sosmebody else's property could you cause at today's prices?

But the other criteria for insurance is how much of your own personal wealth is at risk? If the other guy sues for a million but you only have $50,000 in assets and $100k of insurance, his $1M judgement doesn't mean much. It could wipe out your assets, though. Depends on the type of asset and the laws that apply in the state where the asset residies and where the lawsuit is judged. Not all your assets may be at risk.