Poll: Should I get full way insurance?

[jsbush]

I'm 17, got a 96 Civic LX. I currently have oneway insurance and I'm seriously considering spending the extra 1200$ a year to get full way insurance. Oneway insurance currently cost me 400$ a year.

Should I get full way insurance, keep my one way insurance, or save up the 100$ a month it would cost me for full way.

I do a lot of driving.

 

[ElFenix]

how much is the car worth? 6 years old full coverage might be worthwhile for a year or two.

the biggest question is: could you afford a new car if you wreck the current one?

 

[Scarpozzi]

Just remember insurance at all times when you're driving and don't do anything stupid. Unfortunately for myself, I have to get full coverage and don't have the option to get liability because I still owe on my jeep. I would take the cheap way out and bank the money if I were you. It'll come in handy when you decide to get an apartment down the road or need a laptop for college...

 

[jsbush]

I still owe money on my car. Wasn't required to take full couvrage though.

 

[vi edit]

Originally posted by: jsbush
I still owe money on my car. Wasn't required to take full couvrage though.

Your lender won't be too happy about that. I'm pretty sure that it's a law that you have to carry full coverage on vehicles still under lien. At least down here in the states anyway.

May different up north.

 

[Grasshopper27]

No law requires it, but most lenders do.

Grasshopper

 

[MrPhelps]

I would at the most have the ful coverage and raise the deductables to the sky.

 

[Mill]

I am pretty sure like vi-edit, that you have to have full insurance if you have a lien on your car. If not, I believe that they could repossess at any time or sue you for full value if you damaged the vehicle.

I don't know the laws for your country but I am pretty sure lenders have uniform ideas and policy down here in the states.

If the lender didn't require it and you had the money to pay off the lien I would possibly keep liability. If you are not in a position to pay off your lender and get new transportation then I would get full coverage.