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Message
re: Car Insurance Question
Posted on 5/16/14 at 11:01 am to Python
Posted on 5/16/14 at 11:01 am to Python
most of that premium is for liability insurance. The damage you cause to others. that can't "depreciate".
Your comprehensive and collision, if you carry that, will go down with the vehicle value.
I mean, a 2014 truck worth 40k is going to have a higher rate than a 1999 Truck worth 2K.
ETA: once the vehicle value gets low enough I would remove the comp and collision and "self insure". You are only required to carry liability by law.
Your comprehensive and collision, if you carry that, will go down with the vehicle value.
I mean, a 2014 truck worth 40k is going to have a higher rate than a 1999 Truck worth 2K.
ETA: once the vehicle value gets low enough I would remove the comp and collision and "self insure". You are only required to carry liability by law.
This post was edited on 5/16/14 at 11:04 am
2
Posted on 5/16/14 at 11:04 am to Mr.Perfect
It never has. Maybe I should have a talk with my agent
Posted on 5/17/14 at 7:35 am to Mr.Perfect
quote:
Your comprehensive and collision, if you carry that, will go down with the vehicle value.
This is not necessarily true. The price of labor and materials to repair a vehicle don't get cheaper.
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