<prompt> Human: Currently I live in NJ. I pay 128mo for car insurance with limits of 250,000500,000. If I dropped down to minimum coverage 15,00030,000 my bill would be 70mo. The reason my insurance is so high is because a coworker told me that if I got into an accident and my insurance didnt cover the problem fully the other person could go after my house so instead I chose limits covering above my homes worth to avoid that situation. Ive yet to be in an accident 28 yr old - knock on wood so Im not sure if I should stay high and err on the side of caution or lower it again in order to have a lower monthly payment.  <response>: Its true that if you cause damages in excess of your insurance limits, the injured person can sue you.Depending on what your net worth is, I would consider getting some higher deductibles to lower your bill, but keeping the high limits. 