Do You Need Physical Damage Coverage On An Older Vehicle?

So you have an older car, let’s say one you’ve had for many years and love too much to part with. It’s still in good condition, but the inevitable question begins to occupy your mind: Is my vehicle worth enough to keep the optional physical damage coverage?

No one can ever say you have too much insurance, but deciding if your situation is worth paying for physical damage coverage is ultimately up to you.

For starters, you’ll want a good estimate on the value of your vehicle, so visit a reputable site like Kelley Blue Book.  Then take a look at your auto insurance policy and premium amounts for other than collision and collision coverage, and make note of your deductible for each coverage too.

Other Than Collision

Also known as comprehensive coverage, your vehicle is covered for damage like theft, fire, vandalism, glass breakage, flood, and hitting an animal (or animal hits you).

Collision Coverage

If you’re at-fault in an accident or collide with an object, like a pole and run into a ditch, then your collision coverage will pay to fix your vehicle.

Serving The Commonwealth of Virginia For Over 50 Years

At Dove Insurance Agency our family of Independent Agents are dedicated to serving you and working with your lifestyle. We’ll educate you on the coverage you need to keep your property and family secure, no matter what the future brings.

Dove Insurance is also a Dave Ramsey ELP, for home and auto insurance.