12 мар. 2024 г. · The standard rule of thumb used to be that car owners should drop collision and comprehensive insurance when the car was five or six years old ...

15 сент. 2023 г. · When your car is about 10 years old, it's usually a better deal to switch from full coverage to liability-only car insurance.

For example, if your car's 10 years old, but it's still worth $10,000, it's probably worth paying a couple of hundred dollars a year for collision coverage.

Example: If you had a 10-year-old car that was worth about $1000 and your deductible was $1000, collision coverage would not be beneficial.

Yes, older cars are typically cheaper to insure because you may not need comprehensive and collision coverage and your vehicle's value will surely be less than ...

23 июн. 2021 г. · The reason people say collision isnt worth it on older cars is simple: The premium you pay may end up costing more than the value of the vehicle ... At what point do you decide to drop comprehensive and ... Can someone explain why its a waste of money to get full ... Is it worth adding collision coverage on a 10-year-old car? Is collision coverage worth it on an old car? : r/personalfinance Другие результаты с сайта www.reddit.com

20 мая 2024 г. · Yes, you can have both Collision and Comprehensive on an old car. Since each policy covers different areas of the vehicle.

3 авг. 2018 г. · Auto collision insurance on a vehicle that old is probably not necessary since the insurance company will USUALLY only pay out what the vehicle ... Is it best to continue having collision insurance on a 15-year ... Is there a rule-of-thumb on when to drop collision coverage on ... Do I need collision insurance on an older car? - Quora Is it worth it to take insurance for a 10-year-old car? - Quora Другие результаты с сайта www.quora.com

According to ValuePenguin, if your vehicle is 10 years old or older, you may be paying too much for insurance if you have comprehensive or collision coverage.

5 февр. 2024 г. · Collision insurance pays to repair or replace your car after a crash, but it may not be worth it if you drive an old car.