Do you need full coverage on a 12 year old car?

Do I need to keep full coverage on a car if it's paid off? I have a 2009 Toyota Tundra and I want to save money.

Answer provided by
Emily Maracle
Answered on Jul 15, 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.
“When looking at the cost of car insurance, liability car insurance will always be less expensive than full coverage.
If you aren’t concerned about having to repair or replace your vehicle out of pocket if it gets damaged, you can remove full coverage from your policy.
Some people also choose to remove full coverage once the cost to insure the vehicle is more than the value of the vehicle.
If you can’t afford to repair or replace your vehicle, you should keep full coverage, even if the actual cash value of your vehicle is lower than the cost of full coverage.
To save money, you can compare prices with various companies using Jerry. You may be able to find more affordable car insurance elsewhere.”

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