0
if you want coverage on 'that' vehicle yes...rule of thumb i always use is can i replace this car without much trouble should it total? 2500.00 car yes, i could, 10k car, no i couldn't.......and i weigh the cost of the premium for the collision and comp coverage on that vehicle...do coll and comp cost me 500 a year? well, in less than four years (due to depreciation) I've spent again what that 2500 car cost me......see?
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How many years should you keep full insurance on a car?
If one has a car loan for a new or used car in most states they are required to keep full coverage insurance. After 5 to 6 years coverage can be dropped to liability if needed.
If you finance a used car that is under five thousand dollars do you have to get full coverage insurance on it?
Yes, most lenders require full coverage. Ask the lender.
What do you call comprehensive and collision insurance if you have both?
We used to call this "full coverage" but insurance companies do not use the term "full coverage" anymore because there are always cases where there is no coverage. Such as damage done intentionally by the insured, and certain other rare occasions. I'm sure some lawyer sued when someone burnt their own car up because the agent said he had full coverage.
When you purchased your used vehicle you had to have full coverage befor you drove the vehicle off the car lot you purchased full coverage and a few months later you were in accident that wasn't my fa?
I had full coverage when I purchased my used car and a few months later I was in an accident that wasn't my fault and the time I was paying on my insurance they told me that I was only paying liability I never cancelled my full coverage to liability. what can I do about this?
When would you not carry full coverage auto insurance?
If you own a car outright and have paid off loans used to buy it, you are no longer required to have full coverage insurance for it. At this point, it a personal choice. If your car has worth that you cannot afford to lose in the case of an at-fault collision or theft. On the other hand, if the vehicle is older or not worth so much, it may not be worth it to pay for full coverage insurance.
Notice of Death to an Insurance Company?
Get StartedThis Notice of Death is used to advise an insurance company that an auto or homeowners policy can be terminated because of the death of the policy owner.A policy should not be terminated until the insurance coverage is no longer needed. If insurance coverage will be needed for a longer period of time after the death, an insurance company representative or agent should be contacted regarding premium payments and to make sure that insurance coverage will continue for the desired amount of time.
Can your employer insist that you carry full coverage auto insurance?
If your vehicle is being used for company/business purposes, yes.
How much auto insurance do you need?
you only need pl and pd on a used car and full coverage on a new car
How can you get car insurance coverage without paying full year premium after cancellation?
They refund you the remainder of the premium not used for the year.
Private seller has title of used car that is being paid for by buyer does the buyer have to get full coverage insurance to register the car and get a tag for the car?
In my state you only need to have Liability insurance the get a title and register the vehicle. If, however you have a loan on the car the lender will require you to have full coverage.
How to estimate how much full coverage insurance will cost for a used car without actually having bought it yet?
Call an insurance agent, and they can give you an exact quote.
What is the difference between full coverage auto insurance and comprehensive and collision insurance?
This is a good question. Full coverage was a term that used to be used in insurance to describe a policy that had liability, comprehensive, collision and any other endorsements that the client wanted such as rental coverage and whatever else. Due to it being the day of suing over everything we don't use the term any more because too many attorneys have convinced people that full coverage had to mean every possible coverage that there is and then some even though the person knew what they bought. No individual responsibility for reading the policy or at least the declarations summary page, just sue. So now we don't say full coverage any more, we name each coverage separately.
