If the car is worth only $ 1,500, it's probably not
worth buying collision coverage.
Not exact matches
Borrowers are required to either prepay a year's
worth of comprehensive and
collision insurance or
buy credit insurance from the lender.
As a general rule, it doesn't make sense to
buy comprehensive and
collision coverage for a car
worth less than $ 1,000, according to III.
It typically doesn't make sense to
buy collision and comprehensive for a car
worth less than $ 1,000, according to the Insurance Information Institute, although some other experts peg the break - off point at $ 2,000 to $ 4,000.
Buying collision and comprehensive Millington car insurance is going to be a no - brainer if you have a car that is
worth a lot of money.
If you have $ 10,000 in CPE and accessories, then you may want to
buy $ 9,000
worth of coverage since you automatically receive $ 1,000 with your physical damage insurance through the
collision and comprehensive insurance policy.