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It is not the age of the car, but the value of the car that should determine whether or not you choose to have collision insurance on it. For example, if you own an 88 Pontiac Bonneville and it's worth $500 then it doesn't really make much sense to pay $500 per year to insure it. However if you get into an accident that is your fault and you don't have collision insurance, then no one is paying for the damages to your car. This is your choice.
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∙ 12y ago
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Does insurance cost more on new car than old?
Yes, if you take out collision and comprehensive insurance. The more the car is worth the higher the insurance premium.
Is collision car insurance more expensive than liability only?
The personal liability portion of your car insurance is for damage you may cause to others. The collision portion of your car insurance is for your vehicle. If your vehicle is very old, with lots of miles and is not worth much, you may consider not getting it.
How old does a car have to be before collision-comprehensive insurance is no longer necessary?
I believe it can be brand new, but you can't have a loan on it.
Whose insurance pays when a 16 year old totals a friend's car if she had permission and the friend was with her but neither had serious injuries?
insurance stays with the car......if collision coverage on the vehicle it would pay......
How much will collision insurance cost for a sixteen year old boy?
The rate of collision insurance for a 16 year old boy varies. The state in which they reside will affect the rate, as well as if they have points on their license.
What is the cheapest type of car to have insurance on if you have one wreck and 2 tickets?
One in which you don't have to have Comprehensive or Collision coverage but with an ABS. Buy an old vehicle and slow down.
Why do you get billed again with an insurance adjustment after you had already been billed and you paid earlier?
There could be several reasons depending upon the facts and the type of insurance. For example, if you are referring to auto insurance, you may have paid the collision coverage on a prior car, replaced the car with another and asked that it be covered by the same insurer. In that case, the collision premium may be greater on the new car than it was on the old, and you would have to pay the difference. Different answers may apply depending upon the type of insurance involved.
Car Collision Insurance?
It is vitally important for motorists in the United States to have car collision insurance, or some other form of automotive insurance, to protect them and other motorists when driving on the country's roads. Car collision insurance keeps drivers, their passengers, and other motorists safe when on the roads. There are close to 6.5 million automotive accidents in the United States each year, with over 42,000 deaths occurring each year because of these accidents. The estimated cost of automotive accidents in the United States each year 230 billion dollars. That money goes towards repairing vehicles, repairing damaged roads, replacing road signs and from lawsuits. Close to 115 people die each day as a result of motor vehicle accidents in the United States, which averages out to one death every 13 minutes. These stats are provided by the Federal Highway Administration.Car collision insurance is not required by law, like liability insurance is, across the country. Car collision insurance is an option available for drivers in the United States. Collision insurance protects drivers against a collision with another vehicle or with an object. No matter the cause of the collision, the driver of the vehicle is protected against collision damages to their vehicle if they have this type of vehicle insurance. Many drivers who operate older vehicles typically decline car collision insurance when purchasing auto insurance because the vehicle is so old they might just buy a new one should they get into an accident. More often than not, new car buyers will acquire car collision insurance to protect their new purchase. Car collision insurance is required when the driver purchases the vehicle with a bank loan or funds lended to them from another type of lending institution.The premiums for car collision insurance can be extremely high if the driver chooses low deductibles. But, if the driver chooses higher deductibles for their policy they can expect to pay much lower premiums. For example, say the driver pays a $1,500 deductible, they will need to pay this fee when involved in an accident. Should the value of the damage from a collision hit $10,000, the driver only needs to pay $1,500 towards the vehicle's repairs. On the other hand, if the accident only costs $2,000 in damage, the driver will need to pay $1,500 towards the cost of repairs and the insurance company will pay the final $500, which does not seem like a strong deal.
Car insurance 16 year old girl?
Yes some 16 year old girls can get car insurance.
How much does car insurance cost for an 18-year-old?
There is no set price for car insurance for an 18 year old. The amount will be determined by the car insurance company, and the person's driving record.
Can a 17 year old get temporary car insurance?
A 17 year old can get a temporary car insurance, but it will cost quite a fortune.
Should my 18 year old daughter get her own car insurance or should I put her on our car insurance we live in CA?
Unless you drive a luxury vehicle with comprehensive and collision coverage and your daughter is driving an old beater with just liability, it will likely be cheaper to add her and her car to your policy, assuming you live together. Contact your insurance agent for a quote on both scenarios to be sure. If your daughter is still a dependent on your taxes or you have an ownership interest in her car, be cautious as you still could be found liable for any damage she causes, regardless of if she has her own insurance or not.
