My mom told me that she needed cheap car insurance on a beater that she bought. She drives a luxury car and noticed that there were little dings in it from other people bumping into her doors at her work where the parking spaces are close together. The spaces are so close that she said that a beater would be good to drive just to work. I explained to her that she did not have to have full coverage on her car, she only had to have the state minimums so that she had the basic coverage for any type of liability should she be at fault for the accident. Full coverage included comprehensive. You should have have comprehensive coverage on a car that is really not worth it. Sometimes when you pay for comprehensive you actually pay more in the insurance premium than what the car is worth. For example, if my mom bought a thousand dollar car then she may have been paying more than that in a six month policy period.
I was hoping that I was going to be able to explain this to my mom but she figured it out when she was reading online that comprehensive insurance did include things that occurred during a theft or fire. She realized that she would be paying out more for the six month quote with the comprehensive coverage then if it was stolen, she would just buy another beater to get around. There are always cars available for a few hundred dollars on the internet. I'm thinking doing the same thing, I would like to get a cheap car to have just to drive back and forth to work, I do not want to put the mileage on my new car, I think it makes a lot of sense.Click On This Link