Should I lower my liability insurance coverage on an older-model Hyundai Tucson?

I'm 17 years old and car insurance is expensive for me. My parents suggested that I drop my comprehensive and collision coverage. Is it a smart move for me to drive on low-limit liability insurance if I only drive my Hyundai Tucson to school and work?

Answer provided by
Eric Schad
Answered on Apr 28, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Since you have an older-model Tucson, dropping comprehensive and collision coverage is probably a smart move and can save you thousands.
However, you should realize that if you’re in an accident where you’re at fault and you total the vehicle, you’re out a car. If you’re all right with that, a policy with liability insurance only should serve you well and put money back in your pocket.
That said, make sure to go with limits above the state minimum. State-minimum coverage doesn’t really cover much, and it puts you at financial risk of having to pay out of pocket for damages. Go with a limit such as 50/100/50 or 100/300/100, as it will only cost a few bucks more than the basic coverage.”

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