Affordable Auto Insurance — Sheer Waste On An Old Car
If you maintain collision and/or comprehensive for an old car that isn’t a classic, then you’re spending way more than is necessary (making affordable auto insurance more difficult). This is because you are paid compensation based on what is called the Kelly Blue Book value of your car at the time you make a claim. So even if you have paid your premiums without default for several years but the Kelly Blue Book value shows your vehicle has zero value, you will get a dime from the insurer and they will be totally on the good side of the law. So, do the right thing and drop these types from your policy for all old cars. You’ll be saving much that way.