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Do I still need full coverage on a Subaru Impreza that's paid off and valued at $5,500?
I just paid off my Subaru Impreza. It's now nine years old and worth $5,500. Do I still need full coverage, or can I switch to liability?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“The choice is entirely up to you, but it should be based primarily on your finances.
If you totaled your Subaru in an at-fault accident, could you afford to get a new car? If the answer is no, you might want to stick with full coverage.
If you can afford to get a new car, sticking with just liability coverage should save you some cash that you can put away for a new vehicle in the future.
View full answer
- Gregory R.
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