What is the oldest year car I can buy without paying for collision insurance?

Comments

1. UNCOLA says:

   January 16, 2010 at 5:24 pm

   It has nothing to do with the age of the car. If there is a lien holder is why you need collision. So if you owe money you need collision. There are obviously other reasons to have collision. If you can’t afford to replace the vehicle if damaged or totaled would be the obvious.
2. kelannde says:

   January 16, 2010 at 5:46 pm

   You’re talking about comprehensive insurance… what is called “full coverage.”

   If you borrow money to buy a car – regardless of what year the car is – the financial agency/bank will require you to have full coverage.

   If you pay cash for the car – even if it is 2009 – you don’t have to have full coverage.

   So the answer is – the year makes no difference.
3. frank t says:

   January 16, 2010 at 6:44 pm

   It really depends on the condition of the car and how much it’s worth. Usually you can avoid collision if the car is over 6 years old and the cost of repairs would exceed the value of the car.

   But you should really talk to an insurance agent about this and see if that’s in your best interest. A good agent should be willing to give you the best options without ripping you off.
4. Hopeless Diamond says:

   January 16, 2010 at 7:16 pm

   You only need it if you are buying a car with the bank’s money. If you buy it with your own money to be legal you only need liability insurance.
   This is the insurance that’ll pay the other party should you (touch wood) get into an acident and it is your own fault.
   If you need insurance see this http://gsx1.com/InsuranceComparison.html take the quote, they’ll come back with prices from different insurers in your area. It’s very quick and free of charge. You can back up, change car and see new quote.
   But to find a cheap price you should get several quotes, shop around a lot, do some legwork till something better will come along.
   Here’s more from my bookmarks
   http://finance.ebookorama.com/ukusa-selected-resources.php
   http://gsx1.com/Car-Insurance/100.php
   There’ll be tons more in google.