My car is 15 years old do I need full coverage

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Asked January 18, 2016

1 Answer


You do not need full coverage on your 15-year-old car unless it is financed through a finance company or someone else is holding your title. Car insurance is meant to pay for repairs if the car is in a wreck or damaged. the amount of coverage you need is the amount it takes to pay for the auto repairs or replace your automobile if it is totaled. Most vehicles of this age will be set as a total because the vehicle is not worth a lot of money at this age. It will be up to you and the insurance company to reach any agreement to save a vehicle from total status. You can always pay for the repairs yourself.

It would be smart to have full coverage in case of a wreck. If you have full coverage on the car you can get the car repaired. It may cost a small deductible but overall it should pay the balance on repairs. Full coverage covers you and the other automobile in a wreck. If it is your fault, you may be responsible for medical bills as well as car repair. Keeping full coverage on the vehicle will guarantee payment for the other car and anyone injured up to the amount you set on your insurance coverage. Without full coverage, the same wreck could bankrupt you if there were people injured.

In Arizona, there are companies that will give good discounts if the policy is paid in full. You can also save money if you are insuring more than one vehicle. If your child is using this car, make sure they keep a clean driving record. This too will reduce your premium. combine car and home insurance for a good discount and always make sure the car has the right airbags to keep you safe. All these things can reduce the amount you pay, making it easier to afford full coverage.

Answered January 19, 2016 by OldTownInsurance

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