Car Insurance Costs

What happens if you can't afford full coverage on a financed vehicle?

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Eligibility
General Insurance

Should I drop full coverage on a 2011 Highlander?

Typically when the car is eight to ten years old (and paid off) we typically do not recommend comprehensive and collision coverage. The reason is that the value of the car is less than what the insurance and deductible can be.

General Insurance

Do I have to have all my vehicles fully covered?

You are only required to carry comprehensive and collision coverage (full coverage) if you are leasing or financing the vehicle. If you own them or even one of them, you can decide how you want the vehicle insured.

Car Insurance Costs

Should I drop full coverage for 2008 Camry LE

A general rule of thumb is if the value of your vehicle is less than $4,000, it doesn't make financial sense to keep these coverages. You can determine the value of your vehicle by using websites like Kelley Blue Book and NADA online.

Car Insurance Costs

How do i get full coverage insurance with no car?

In this situation, you do not need to get the insurance first before you buy the car - you will do them at the same time. I would find a vehicle you are interested in and start shopping for quotes on that vehicle so you can get an idea of how much it will cost.

Coverage & Claims

Can I add full coverage later if I only have liability

I have never heard of an insurance company that wouldn't allow you to change your coverage options mid-term - especially if you're adding coverage. You should be good to go! If you're looking for more information regarding full coverage, deductibles, and what other options you have, see our articles below.

Coverage & Claims

Should I drop full coverage on my truck?

That's always a tough decision for a car owner, but really it is up to you. A general rule of thumb in the world of insurance is if the vehicle is worth less than $4,000, you probably don't need physical coverage (aka, "full coverage" which is comprehensive and collision coverage).

Coverage & Claims

Should I get gap insurance or is full coverage enough?

Gap insurance is designed to work with your comprehensiveand collisioncoverage, not as a substitute. Basically, gap insurance will kick in if you total your vehicle and the amount you paid out by your insurance company isn't enough to cover the value of the loan.

Driving History

Does full coverage insure uhaul rental

While it can vary based on your policy, your insurance company, and the weight of your U-Haul, many insurance policies do extend to rental vehicles. Again, while it can vary by policy, my experience is that if the towing capacity of your rental is less than 1-ton of less, your car insurance coverage will extend to your u-haul.

Coverage & Claims

Should I keep my full coverage on my 2005 Honda?

That's a tough question to answer without more information. I would recommend getting an estimate for the value of the vehicle through Kelley Bluebook and NADA.

Coverage & Claims

Looking to drop full coverage

Only you can make the decision whether or not to drop full coverage or not. But your best bet is to determine the value of the vehicle through Kelley Blue Book or NADA.
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