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Old August 19th, 2015, 11:55 AM   #10
Alex
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Location: SF Bay Area
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Motorcycle(s): '13 Ninja 300 (white, the fastest color!), '13 R1200RT, '14 CRF250L, '12 TT-R125LE

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For a 15 year old car, it might not make sense to carry full insurance, and go with liability only. If the book value of the car is $3K, and you have a $1000 deductible, the expected payout of the insurance wouldn't be that much if it were to ever be needed anyway. Saving the extra cost of the premiums might be a better bet.
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