2006-12-02 08:07:33 · 6 answers · asked by bluckies 2 in Cars & Transportation ➔ Insurance & Registration
I guess i need liability??
2006-12-02 15:47:07 · update #1
Depends, this is what I have always advised my Insurance Customers. “Can you afford to replace that car in the event of a total or partial loss? If so I advise Liability only, If not I advise Comp/Collision unless I see that the price of comp/coll based on the model year and condition of the auto is just exceedingly high. I then leave the decision up to them.
2006-12-02 20:52:45 · answer #1 · answered by deanspurrier 3 · 2⤊ 0⤋
If your car is only worth 6k replacing it in the event of an accident is the least of your worries.
What if you hit somebody in an accident and they die or are badly injured? Do you have any idea how much their family will sue you for?
What you need to do is get the maximum for liability insurance instead of the minimum.
This could save you from being sued after an accident, and losing a helluva lot more than 6k.
2006-12-02 22:56:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Insurance is for protection against catastrophic loss. I always recommend buying as much coverage as you can afford. The premiums are minor when compared to losses that you can incur.
Buy collision and comprehensive insurance with a large deductible, say $1,000. The premiums might only be $50.
Buy as much liability insurance as you can get. What if you rearend a car carrying four new doctors to their graduation ceremonies?
2006-12-02 16:40:53 · answer #3 · answered by regerugged 7 · 1⤊ 0⤋
I don't know what country or state you're in, but most places require at least liability coverage. Check with your agent for requirements--it doesn't matter what your car is worth. If a certain type of coverage is required and you don't have it, you can face a fine, jail time, or both. Also, if you really "cream" somebody or they "cream" you and the damage is over 6,000, looking for a car, unless you're financially prepared, can be a headache.
2006-12-02 16:20:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you owe money on it you are required to carry collision and comp. If you own it and can afford to replace it if you crash it, someone else crashes into it, a tree falls on it, someone steals it, it floods, it burns, a meteorite falls on it, etc., then by all means DROP collision and comp.
2006-12-02 19:31:17 · answer #5 · answered by Anonymous · 1⤊ 0⤋
If you own the car you can get what ever insurance you like.
2006-12-05 22:44:55 · answer #6 · answered by George K 6 · 0⤊ 0⤋