How much insurance should I have on a 12 year old car?

Question:
Should I have full coverage or can I get by on something less?

Answers:

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What is it worth? What kind of condition is it in? How many miles on it? Can you afford to buy another one? These are all questions you have to answer. I carry full coverage of a 1995 Escort. Why? It is still worth $4,000 as a low mileage top-condition car. If it was worth less that $1,500, and I didn't qualify for every discount imaginable, I would carry max liability, and cut everything else. Could I afford $4,000, or even $20,000 to buy another car? Yes. Is it worth putting part of my savings account at risk to save maybe another $200 a year in premium? No. You have to look at your car, your bank account, and your policy. Remember, if all you carry is liability, and you run into a pole, or your car is stolen, you buy another car out of your pocket. If you cut coverages, carry the maximum liability you can afford, and buy any uninsured/underinsured motorist cover that is available. A 12 year old Jaguar, and a 12 year old K-Car would cause totally different answers to be given.

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It's a bit ridiculous to carry full coverage on a 12 year old car. If you total it you won't get much if anything after the deductible. Liability coverage, to take care of claims against you in case of an accident, and comply with your States requirements, is all you really need. The rest is a waste of money.

Auto insurance?

If the car is cleared of any liens, just liability would be suffice

School bus,with young children inside,hit and run, suing options.?

a cheap one enough

Are those 1-800-Ask numbers worth calling if you are in an accident?

Depends on how much you like the car and wether or not you are the owner

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