The only way to answer this question is by determining your risk and reward profile for this particular option, since that is how they are priced. If you're willing to take on some risk in order to pay a lower premium, buy a put that is out of the money. If you want to play it safe, buy one that is in the money, but realize that you will pay a higher premium due to the higher possibility of you exercising the option.

It's not that much different than deciding between a blue chip dividend aristocrat or a lower priced non-dividend paying tech stock like Blackberry.