Many people drop their comprehensive auto insurance coverage once their vehicle gets to be past a certain age. The idea is that the cost to replace the vehicle might be less than the premiums over several years. However, this isn’t the smartest way to do things. There are many benefits to keeping your comprehensive coverage through the Insurance Center of Green Valley, serving Green Valley, AZ, on an older vehicle:
1. Coverage on Repairs and Replacement
Comprehensive auto insurance can cover the cost of repairs or replacement of your vehicle, regardless of age. This may even include damage and theft. Many people don’t have the cash in their checking account to go out and buy a new car, making comprehensive insurance well worth it.
2. Protection Against Non-Accident Related Incidents
In these times of unpredictable weather, every vehicle is more susceptible to damage from weather-related damage from hail, storms, tornadoes, and more. Older vehicles are just as likely to be damaged as a brand-new vehicle.
3. Coverage for Medical Expenses and Liability
If you only have collision coverage, if you get into an accident, your auto insurance policy will only pay for the other person’s damages. But when you retain comprehensive vehicle insurance, you can benefit from coverage for medical expenses and liability. This is especially helpful if you have limited health insurance. Considering that most older vehicles aren’t equipped with the latest safety features, it makes sense to have comprehensive insurance coverage.
As your insurance representative at the Insurance Center of Green Valley, serving Green Valley, AZ can tell you, comprehensive insurance offers excellent value, even on older vehicles. So, don’t be so quick to drop this valuable coverage. Contact the Insurance Center of Green Valley today to learn more.