There's a point where carrying full coverage on an old car costs more than it could ever return. Here's the math.
Coverages to reconsider on low-value vehicles
- Collision – the most expensive add-on, capped at ACV
- Rental reimbursement – small savings, modest benefit
- Roadside – often duplicated by AAA, credit cards, or manufacturer
Coverages to keep regardless
- Liability – never tied to your vehicle's value
- UM/UIM – protects YOU
- PIP – covers medical bills
- Comprehensive – usually cheap; covers theft, hail, animal strikes
Frequently asked questions
When should I drop collision coverage?
When annual premium exceeds 10% of the car's value plus deductible.
Is comprehensive worth keeping on an old car?
Usually yes – it's cheap and covers expensive non-collision losses.
More in Money-Saving
This guide is part of our Money-Saving hub – see every related guide, or start from the El Paso auto insurance overview.
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.