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?

May 04, 2021
Answer provided by
Eric Schad
Answered at May 04, 2021
“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.
Whatever you decide, do yourself a favor and go to Jerry to compare quotes and find the best rate.”
Liability CoverageCar Insurance

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