My car is 15 years old do I need full coverage

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Asked January 18, 2016

1 Answer


Whether or not you need full coverage insurance for your 15-year-old car depends on your specific situation and personal preferences. Full coverage insurance typically includes both liability insurance and comprehensive and collision coverage. Liability insurance is required by law in most states, and it covers damages or injuries you may cause to others in an accident. Comprehensive and collision coverage, on the other hand, are optional coverages that can help repair or replace your own vehicle if it is damaged or destroyed in an accident, theft, or other covered event. If you own your 15-year-old car outright and it has a low market value, you may decide to forgo comprehensive and collision coverage and only carry liability insurance. This can help you save money on your insurance premiums. However, if you still owe money on the car or it has a high market value, you may want to consider keeping full coverage insurance to protect your investment. Ultimately, the decision to carry full coverage insurance on your 15-year-old car is up to you. You may want to speak with your insurance provider to discuss your options and determine the best coverage for your needs and budget.

Answered January 19, 2016 by OldTownInsurance

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