Can I have comprehensive and collision coverage on my 2000 Chevy Cavalier?

Why can't I have whatever coverage I want? I have an old 2000 Chevy, but it is in mint condition. I want to make sure it is fully covered, but my agent keeps telling me that I shouldn't have a comprehensive and collision on such an old car.

Answer
“It is great that you have been able to keep your car in such good condition!
Your insurance agent is just trying to look out for you so that you don’t waste money unnecessarily.
Most carriers allow you to carry comprehensive coverage and collision coverage on your vehicle for as long as you would like.
There are some carriers that have age restrictions, like National General, that don’t allow full coverage on an older vehicle.
Even in the best condition, the actual cash value of a 2000 Chevy Cavalier is between $500 and $2,000.
Suppose you have a $500 or $1000 deductible, that leaves very little money that you would get in return if your car was totaled in a claim.
Even a small accident could total out the car if the cost to repair the Chevy exceeds the value.
The choice of coverage is up to you, but you may be better off by saving the money and putting it towards your next car.”
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Shannon Martin
Answered on Jul 06, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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