Last Updated on March 7, 2021
4. Liability is something you should consider
Not always full coverage is the best protection for your car. I mean, if you buy a brand new Tesla, go full coverage; but if you only have money to buy an old car, full coverage may not be the best deal you’re making. You see, in case you have a bad accident and the car needs a heavy repair, insurance will only cover it if the repair cost is lower than the car’s market value. If your old car is worth $10.000 and the repair is $12.000, the insurance company won’t help you, since they’ll lose money. This said, if you have an old car, consider changing your car insurance from full coverage to liability. This will save you more money than you think!
