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You can technically get full coverage (comp and collision) coverage on any age vehicle, but it is usually not practical to get it on a really old vehicle since if the vehicle is in an accident and is deemed a total loss you will not get very much for the vehicle.
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Do you need full coverage insurance if your car is 5 years old?
Full coverage requirements have nothing to do with the age of the car. If you still make payments on the car then you still have to have full coverage. If you own the car outright, then you do not have to have it.
How old can a car be and full coverage insurance?
There is no age limit although the value of the car may not justify the cost of full coverage.
How much is full coverage insurance on a new car?
The full coverage of the old car is approximately $60 to $100. It gonna be cheaper if you negated with them. New car is approximately $150 to $200.
Do you have to have full coverage?
On a car? If it is old, then no. If it is new, I suggest you get full coverage because it will cost less to fix it than replace it. If you finance any portion of the loan in which the car is having a lien on it, you will need to protect the collateral and the bank will require a full coverage policy.
I need cheap car insurance, so should I just purchase liability coverage, or go with full coverage?
If the car you have is new, it is safer to go with full coverage. If it is old there is likely little reason to bother paying for more than liability coverage.
Do you need to put full coverage on eight year old car?
If the car still has some value them you may want to. If it is 2000 dollars a year for the coverage and it is a 2000 dollar car, then you may not need to.
Should you have full coverage on a 16 year old car?
This depends on three things 1st:What do you consider "Full Coverage" I consider this to be Fire Flood, Theft, Vandalisum, glass (Called Comprehensive where I live) and Public Liability with Colision. I do not cover any car I have paid off for Colision or in other words I caused the crash. 2nd: What is the value of the car? 2 months wages, I would not bother with full coverage. If It will take you 5 years to pay off a replacement, then yes full coverage. 3rd: How much does it cost, $50 extra a year why not, $50 extra a month probably not unless the bank makes me.
Can a nineteen year old drive a rental car?
only if you are renting due to an accident and have full coverage insurance
How old does your car need to be to qualify for liability insurance?
How old the car is has nothing to do with it. The only time a car is REQUIRED to have FULL COVERAGE is when a car is being financed. In other words, a bank gives you a loan. Why? Because liability only fixes the other persons car, and if you get in a wreck, the bank will never get their money back from the car. I have owned ~5 cars in my life, financed one, and had full coverage insurance on it. Every other car has been liability only. So again, the age of a car has nothing to do with qualifying for liability insurance. If its being paid for with a bank loan, you need full coverage, if the car is paid off, you can get liability.
Can an eightteenyear old drive a rental car?
only if you have full coverage insurance and the reason for the rental is due to an insurance claim- such as an accident.
How old should a car be when you stop carrying collision?
that is relay up to you, i have a 1997 ford ranger with 255,000 miltes ,i use it everyday with full coverage. Just remember if i get hit and car totalled, the check from insurance won't be enough to replace it. Most people drop full coverage after the vehicle gets 10 years old just strickly for financial reasons.
How old should a truck be when it is logical to drop from full coverage to only having PLPD coverage?
85
