Is it worth having full coverage on an old car?

It may not make sense to pay for comprehensive and collision coverage if the car’s value is low. However, having full coverage can still be beneficial if you cannot afford to repair or replace your vehicle out-of-pocket in case of an accident. You should consider your budget and the car’s value before deciding if full coverage is worth it for your old car.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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