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I am thinking of upgrading my general car insurance coverage. I am looking to save money and hopefully I will be able to reduce the cover. I want to know the standard recommended coverage.

Your policy limit is the maximum amount that the insurance company is required to pay by law. If you lower the policy limit, you're lowering the insurance company’s liability and increasing your own. In most general car insurance policies, the policy limit is set to the estimated value of the car, plus any additional coverage for the driver.

Generally, you should have insurance cover that protects you against third-party claims, theft, and collision damage. You can take out a Personal Injury Protection (PIP) cover too if you want to protect the driver, but it's really not vital if it's not mandatory in your state.