What Is My Neighbor Paying for Their 1998 Chevrolet 2500?
|31, Male, Single, Colorado Springs, Colorado|
|Year/Make Model: 1998 Chevrolet 2500|
|Ownership Status: Owned|
|Discounts: Paperless, Automatic Card Payments, Multivehicle|
|Selected Coverages With Suncoast|
|Bodily Injury Liability: $25,000 per person/$50,000 per accident|
|Property Damage Liability: $25,000|
Uninsured/Underinsured Motorist Bodily Injury: Rejected
Medical Payments: Rejected
Comprehensive & Collision: Rejected
Rental Reimbursement: Rejected
|Other Rejected Coverages:|
Customer has liability on his 1998 Chevrolet 2500. He also has another vehicle on the policy where the multivehicle discount is also applied.
If you have an older vehicle, you may be wondering what kind of insurance you need and how much it will cost. Here are some things to keep in mind:
- Liability insurance is usually required by law. Most states require drivers to carry a minimum amount of liability insurance, which covers damages and injuries you cause to other people in an accident. This is typically the most basic form of insurance you’ll need.
- Collision and comprehensive insurance may not be necessary. If your car is older and has a low value, you may want to skip collision and comprehensive coverage, which covers damage to your own vehicle. The cost of this coverage may be higher than the value of your car, which means you could end up paying more in premiums than you would receive in a payout if your car is damaged or totaled.
Please note that this is only meant as an example and prices may vary depending on several factors.
Total 6 Month Premium: $226
Monthly Installments: $37.66