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I have an old car that isn t worth much. Do I still need auto insurance?

April 26, 2017auto insurance car isn worth

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I have an old car that isn t worth much. Do I still need auto insurance?

1 Answer

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Liability insurance is required in the state of California. However, you may decide not to purchase physical damage coverage (comprehensive or collision). Usually the cost of repairing damage to older vehicles is greater than the value of the car itself. As a result, if you purchase physical damage coverage, the insurer will usually “total” the vehicle and issue a check for the vehicle s market value (less the deductible).