If you have a loan on it, you'll need full coverage.
If you do not have a loan, I'd suggest liability coverage for price.
If you live in a busy city, get full coverage, as accidents do happen.
Consult an insurance agent to see what is best for your situation.
The Property Damage coverage on the car you were driving should cover the damage to your own car. In the event that the car you were driving didn't have insurance coverage then you may be able to make a claim under your own Collision coverage or Uninsured Motorist Property Damage coverage could apply.
You may not need collision coverage but you should consider comprehensive coverage which covers theft, vandalism etc.
Car warranty coverage provides money in the case of a part on the car failing. It is a cheap fail safe that can help save money in the event of a problem.
If the car you have is new, it is safer to go with full coverage. If it is old there is likely little reason to bother paying for more than liability coverage.
If you have adequate liability coverage on your own vehicle, this is one coverage you can always decline on your rental. Your personal auto insurance should extend to a rental car. A rental car most likely would be covered by Collision coverage or Liability coverage, depending on the state in which your policy is issued. For more information visit at: citivanservice.com
If you want to still have comprehensive or collision coverage, a lower deductible is better. You should make sure the value of your car is more than your deductible otherwise paying for this coverage is useless.
If you decide to switch from basic coverage instead of full coverage you can save a lot. I have GMAC car insurance and I get a great deal. You should check them out.
Collision coverage covers accidents you are at fault for. Their insurance should pay for any damages to your vehicle.
The rental car companies should have coverage. If not check with your own insurance provider
Yes, you should get auto insurance coverage when you have a car loan, and even when you don't have a car loan. The law requires it either way anytime a motor vehicle is operated on public roads..
Assuming you had permission to drive the car and you are not an excluded operator on the policy covering the vehicle then coverage should apply per the conditions of the policy.
If you plan on continuing the coverage on your new car then the answer is yes. If you don't get a new car then STOP!