Full-Coverage Auto Insurance Once your vehicle is paid off, you won’t need full-coverage auto insurance.
If you want to keep collision and comprehensive coverage at that point, it is entirely up to you.
If you drive a car, you probably won’t need full coverage:
The actual value of your car does not make up for the cost of insurance.
Damage to your vehicle is rare.
You would like to pay for fixes using cash on hand.
If something happens to your current vehicle, you’d rather buy a new one.
Low deductibles for the amount you pay before insurance kicks in to cover damage to your vehicle may be included in full coverage auto insurance.
For instance, it might have a collision deductible of $500 and a comprehensive deductible of $250.
