Should you carry liability, comprehensive, collision, or full coverage on your auto insurance?

I currently have comprehensive insurance on my vehicle. But since it's hit about 200,000 miles, I'm thinking of dropping it only to liability insurance. What's the best type of coverage for my situation?

Answer
“If you have a vehicle with 200,000 miles, chances are liability coverage should suffice. However, that depends on the value of your vehicle.
If you can’t afford to replace your car as of today, comprehensive coverage and collision coverage still might be a good choice.
When in doubt, go to a car value estimator site like Edmunds or Kelley Blue Book. These will give you a fair value for your car and guide you to the type and level of coverage you need to feel financially comfortable.”
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Eric Schad
Answered on Apr 22, 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.
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