You don't need to carry comprehensive insurance on an old car, unless you have a financing contract that requires it. Comprehensive coverage becomes less valuable as your car depreciates, so you could drop it. A good way to find out if comprehensive coverage is worth it is to compare the value of your car with the cost of insurance and your deductible.
You need to carry liability insurance but unless it's required by a financing company, the rule of thumb is to consider dropping comprehensive and collision coverage once the premiums exceed 10% of the car's value. You can read more about insuring an old car in our article here.
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