Auto insurance grounding, Tip 3
March 10, 2010 auto insurance Comments Off
3. Don’t presume all cars need the same insurance.
Just as you shouldn’t waste insurance on minor incidents, some cars don’t really need full expensive package insurances. Drivers always need to maintain their liability insurance in case they cause an accident but some cars just aren’t worth the hassle, or the expense for that matter. For example, an old Toyota pickup wouldn’t be missing or noticed it if it falls off a cliff the next day. Insuring it with a reasonable deductible would also be useless. It would irritate insurers without promising much upside in the event of a claim.