August 19th, 2015, 12:36 PM
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#15
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Name: Nick
Location: NY
Join Date: Nov 2013
Motorcycle(s): 2009 Ninja 250R and 2014 Triumph 675R
Posts: A lot.
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Quote:
Originally Posted by Alex
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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Depends on lien, if he has one.
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