Like the others have said, if you are pulling a permit for the work their may be code requirements that you need to comply with.
Your location will change the insulation requirements drastically. One of the best things to do in my opinion, is google "insulation savings calculator". You need to input a bunch of information, location, building size, construction type, type of heating and cooling, insulation cost, gas/propane/electric cost (whichever is applicable). That will show you how much money you will save by insulating or adding additional insulation. Most people would be surprised that adding additional insulation has a very long payback time in alot of circumstances.
For my shop, I settled on R-11 fiberglass batts for both the walls and ceillings. I am in Cleveland, OH. According to the calculators, I will save 1.2 times the cost of my insulation each year. If I would have gone to R-13 in the walls and R-30 or R-38 in the ceiling (which is typically recommended for me area) it would have taken 30 years to payback the additional cost.
One thing that often gets overlook (I sure did), is how much more enjoyable an insulated space is. My shop is much quieter now, and overall the temperature is alot more consistent. It made a huge difference in how I will enjoy the space.