Should I get liability or full-coverage insurance for a 2008 Honda Accord?

I'm not sure if it's worth getting full coverage due to the age of the car. Can you help me out?

Answer
Generally speaking, if a car is over a decade old, full-coverage car insurance isn’t recommended. This is because the amount you’ll pay for the coverage will usually be more than the amount that will be paid out in the event of a claim.
But the above advice assumes you own this car outright. If you’re leasing or financing your Accord, you’ll probably be required to get full-coverage insurance to protect the leaser or financer’s interest in the car.
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Carol Chung
Answered on Apr 12, 2021
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