High-mileage vehicles have low actual cash value, often making full coverage uneconomical. But that doesn't mean cutting all extras.
What to keep
- Adequate liability — your old car doesn't limit liability exposure
- Uninsured motorist — protects YOU regardless of car value
- PIP — medical bills are independent of car value
What to reconsider
- Collision — often uneconomical below $4,000 ACV
- Comprehensive — keep if you can afford the small premium
- Rental reimbursement — usually still worth it
Frequently asked questions
When should I drop collision?
When annual premium exceeds 10% of the car's value plus deductible.
Should I keep comprehensive on an old car?
Usually yes — it's cheap and covers theft, hail, and animal strikes.
This article is for general information only and is not legal or tax advice. For guidance specific to your situation, talk to a licensed Texas insurance agent. Ready to put it into practice? Get a free quote or request a policy review.