I would suggest a couple of things...
If your vehicle is only worth 1300, I would not recommend that you even carry full coverage insurance, just liability and uninsured motorist coverage.
Since you have the money saved up if you need it, I'd recommend getting your deductables set as high as you think is reasonable - liability covererage is relatively cheap, so you shouldn't have to go to extremes to keep it affordable.
Another something you may want to consider is getting other types of insurance to possibly reduce the amount you pay.
Although your results may vary, before I bought my house if I got renters insurance through the same company I had my car insurance through, it would drop my full covereage insurance approximately $450.00 per year. The rental insurance only cost about $120.00 per year, so obviously that was the way to go.
As far as getting quotes go, I personally use an independant insurance agent - but not just any agent. I'd get two recommendations from friends/family and play them against each other to see who gets you the better deal. Let each of them know that you are doing so - you'd be surprised as to how much more a motivated agent can save you.
For the towing insurance, I'd first take a look at the dependability of your vehicle. If it's likely to break down, perhaps it is something you should consider. If not, skip it. If you do decide to go ahead with it, I'd check with AAA (I am a member, not because I think my car is going to break down, but because it gave me a discount on my home/auto insurance - a much bigger discount than the $60 annual fee) or even your cell phone carrier to see if they offer it. I am with Sprint, and I believe for an extra four or five dollars a month I can get towing coverage for any vehicle I am in - not just my own - providing I have my phone with me.
Good luck, and let us know what you decide
