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purple hayes
Frightened Inmate #2
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Joined: 14 May 2002
Posts: 14462
Location: ON YOUR LEFT!
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 Posted: 12/13/05 - 14:45 Post subject: hypothetical about car insurance
Let's say you paid for a new car in cash. At what point would you not bother with having full coverage?
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 12/13/05 - 15:04 Post subject:
I'm scratching my head on how I figured it, but when the value of the car gets around $4000 I go down to whatever legal minimum amount of insurance I can get by with.
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RangerG
Bounty Hunter
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Joined: 13 Mar 2003
Posts: 7301
Location: Gmail Server Number 126
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Posted: 12/13/05 - 15:17 Post subject:
What's auto insurance? I don't have any... 
I have truck insurance and motorcycle insurance
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copteacher
Adjunct
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Joined: 08 Jun 2002
Posts: 20588
Location: Teaching in the Halls of Justice
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Posted: 12/13/05 - 15:18 Post subject:
I guess when the you don't want to replaced it or can afford to replace it.
Why take the risk for a few years if the car can be fixed good as new.
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thegman
Member
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Joined: 23 Sep 2002
Posts: 3088
Location: 12 yards out.
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Posted: 12/13/05 - 17:20 Post subject: Re: hypothetical about car insurance
| purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
Assuming you mean full coverage for collision, probably when the value dropped below 5K.
Even if you have a POS, you should carry as much liability and UM as you can afford.
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DCRunningDiva
Look at me!!! ©
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Joined: 10 Oct 2003
Posts: 9344
Location: Washington DC Metro
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Posted: 12/13/05 - 17:30 Post subject: Re: hypothetical about car insurance
| purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
When you moved to a state the didn't require it!
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 12/13/05 - 17:31 Post subject: Re: hypothetical about car insurance
| DCRunningDiva wrote: | | purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
When you moved to a state the didn't require it!
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You don't live in a state! 
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DCRunningDiva
Look at me!!! ©
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Joined: 10 Oct 2003
Posts: 9344
Location: Washington DC Metro
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Posted: 12/13/05 - 17:33 Post subject: Re: hypothetical about car insurance
| jrjo wrote: | | DCRunningDiva wrote: | | purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
When you moved to a state the didn't require it!
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You don't live in a state! |
I live in Virginia! 
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 12/13/05 - 17:37 Post subject: Re: hypothetical about car insurance
| DCRunningDiva wrote: | | jrjo wrote: | | DCRunningDiva wrote: | | purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
When you moved to a state the didn't require it!
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You don't live in a state! |
I live in Virginia! |
Was VARunningDiva taken? 
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DCRunningDiva
Look at me!!! ©
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Joined: 10 Oct 2003
Posts: 9344
Location: Washington DC Metro
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Posted: 12/13/05 - 17:40 Post subject: Re: hypothetical about car insurance
| jrjo wrote: | | DCRunningDiva wrote: | | jrjo wrote: | | DCRunningDiva wrote: | | purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
When you moved to a state the didn't require it!
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You don't live in a state! |
I live in Virginia! |
Was VARunningDiva taken? |
How did I know that was coming???
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crazyfrog
Kermitologist
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Joined: 31 May 2003
Posts: 7610
Location: atlanta
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Posted: 12/13/05 - 18:22 Post subject: Re: hypothetical about car insurance
| jrjo wrote: | | DCRunningDiva wrote: | | jrjo wrote: | | DCRunningDiva wrote: | | purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
When you moved to a state the didn't require it!
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You don't live in a state! |
I live in Virginia! |
Was VARunningDiva taken? |
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RangerG
Bounty Hunter
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Joined: 13 Mar 2003
Posts: 7301
Location: Gmail Server Number 126
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Posted: 12/13/05 - 18:50 Post subject: Re: hypothetical about car insurance
| DCRunningDiva wrote: | | jrjo wrote: | | DCRunningDiva wrote: | | purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
When you moved to a state the didn't require it!
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You don't live in a state! |
I live in Virginia! |
Is that a Commonwealth like PA?
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HYPERASHEL
Member
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Joined: 18 Nov 2003
Posts: 15397
Location: The South's Sauna, Atlanta
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Posted: 12/13/05 - 18:54 Post subject: Re: hypothetical about car insurance
| RangerG wrote: | | DCRunningDiva wrote: | | jrjo wrote: | | DCRunningDiva wrote: | | purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
When you moved to a state the didn't require it!
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You don't live in a state! |
I live in Virginia! |
Is that a Commonwealth like PA? |
YUP, it sure it.
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cherylpf
crazy cat lady
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Joined: 14 May 2002
Posts: 17305
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Posted: 12/13/05 - 19:04 Post subject: Re: hypothetical about car insurance
| thegman wrote: | | purple hayes wrote: | | Let's say you paid for a new car in cash. At what point would you not bother with having full coverage? |
Assuming you mean full coverage for collision, probably when the value dropped below 5K.
Even if you have a POS, you should carry as much liability and UM as you can afford. |
No doubt on the UM....
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