Do you need comprehensive insurance on a car?

Is it worth carrying comprehensive insurance? I have a 2000 Audi TT.

Answer provided by
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Emily Maracle
Answered on Jul 14, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
“Whether you decide to carry comprehensive insurance will depend on:
  • cost of carrying comprehensive
  • actual cash value of your vehicle
  • age of your vehicle
Most car insurance companies limit full coverage insurance on vehicles older than 20 years. This is because the actual cash value of vehicles is often very low on vehicles older than 20 years.
If your vehicle is totaled, your insurance will pay out the actual cash value of your vehicle.
If you can afford to replace your vehicle out of pocket or the cost of comprehensive insurance is more than your vehicle’s value, you can comfortably skip comprehensive insurance.”
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