Tip #14
- Safe Insurance
Save Money. Save Time.
- Jesus Saves (See Here)
- ... Fact: Countless drivers waste thousands of dollars having "full coverage" on older cars.
Get a discount auto insurance price to make sure you are not overpaying or getting high risk insurance.
"Tip of the Day"
14.) Should I have "Full Coverage" on my 1996 Toyota Corolla?

The term "full coverage" is used by motorists to describe fully insuring a vehicle with both "comprehensive" (which covers everything that could happen to your vehicle
except for you causing an at-fault accident) and "collision" coverages (which covers the
other party's vehicle/property damage and bodily injury if you cause an at-fault
accident). Having collision only coverage typically is referred to as "liability" or "plpd". Note that (with collision only coverage) if anything would happen to your vehicle - hail damage,
theft, or any even an at-fault accident - YOU would be responsible for the repair of your vehicle.
Is it worth it to have "full coverage" on a 1996 Toyota Corolla with 194,000 miles? Probably not. Anytime the replacement cost of your vehicle is equal to or less than
your deductible, it would be financially irresponsible to continually fully insuring the vehicle.
Antique, historical, vintage and specialty cars are the exception.