At Insurance Center of Green Valley, serving the greater Green Valley, AZ area, we are often asked whether you should drop full coverage when you have an older car. This is challenging question to answer, as everyone’s situation is different. Here is some of the advice that may help you decide whether you should drop full coverage and when if you have an older car.
Can You Afford to Replace Your Car?
When you are deciding whether or not to drop full coverage, you should always pay close attention to whether you can afford to replace your car at the present moment. If your car is totaled and you are at fault or your car is stolen, you will not receive any money for your car if you don’t have full coverage. If you cannot afford to replace your car or put a down payment down on another vehicle, it may be worth keeping full coverage auto insurance.
How Much Are You Really Saving?
Another important factor to consider is how much you will really be saving. Most people think that they will save a significant amount of money by dropping full coverage insurance. This may not always be the case. Compare the cost of both types of insurance to learn how much you can really save before making a decision.
Is It Worth the Risk?
Lastly, you have to consider the risk. Not having full coverage is a gamble of sorts. For some people, the savings is worth the risk and for other people, it is not. Always consider the risk and your comfort level when making a decision.
Deciding whether or not to drop full coverage insurance on your older car is a personal decision. If you are interested in obtaining a new auto insurance policy in the greater Green Valley, AZ area, whether it be full coverage or not, Insurance Center of Green Valley can help you. Contact us now and let us help you find the policy that is best for you.