| Your used car needs insurance, but it doesn't | | | | for both comprehensive as well as for collision |
| need to cost a prohibitively high amount. You | | | | coverage. Collision coverage is, as it implies, for |
| need to be aware of the required minimums in | | | | collisions with another vehicle. Comprehensive |
| your state or locality. You need to consider your | | | | coverage is for vehicle damage due to reasons |
| deductible levels as well as the age of your car. | | | | other than collisions with another vehicle. Try to |
| Each state or locality will have legally required | | | | get as high a deductible as your savings can |
| liability coverage minimums for bodily injury. If | | | | support, because a higher deductible will lower |
| your state has 25/50/25 limits, this means you | | | | your premium on inexpensive auto insurance. |
| would be required to maintain at least $25,000 per | | | | If you have a very old car then you need to look |
| person and $50,000 per incident for bodily injury | | | | at the resale value of your car and compare that |
| and also $25,000 per incident for injury to | | | | to what you would pay for full coverage. You |
| property. You should consider getting more than | | | | may be better off just maintaining liability |
| the required minimum coverage in some cases, | | | | coverage on your older car, rather than paying |
| especially if you do a lot of driving, if you have a | | | | more in premiums than the car is worth. After all, |
| bad driving record or if there are a lot of | | | | you will likely need to spend money to keep the |
| accidents in your area. | | | | old car running. |
| You also need to consider your deductible levels | | | | |