Does My Old Car Need Collision Insurance Coverage?

Does My Old Car Need Collision Insurance Coverage?

Does My Old Car Need Collision Insurance Coverage? 858 566 Evergreen Protect

As your car ages, you may be wondering if your car still needs collision insurance coverage! You need collision coverage no matter how old your car is.

The law does not require collision insurance, but it can provide valuable coverage should you be involved in an accident. Whether it’s worth getting collision insurance for your old car depends on multiple factors that we’ll address in this short post.

Why Collision Insurance Coverage For An Old Car?
The age of your car isn’t as important as its value when deciding on collision Insurance coverage. If you maintain your old car and low mileage, it carries enough value to get collision coverage.

Regardless of your car’s value or age, you may need to think deeply about dropping collision insurance if you don’t have the money to buy a new vehicle immediately or you can’t afford repair costs. If you decide to drop collision insurance coverage, make sure you have enough money for emergency repairs or a new car.

Is Collision Coverage For Older Cars Worth It?
Collision insurance coverage rate on an older vehicle may be lower than what you’d pay on a newer car because older cars’ value declines over time. Your coverage premium depends on factors such as the type of car you drive, your driving record, where the vehicle is kept, what you can afford to pay for repairs, your car’s value, and more. So, the total premium you’ll pay for insurance on an older car is unique to you.

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