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Insurance That's 'Just Right' for an Old Car

Whether you drive an aging set of wheels because it's cheaper or because it has sentimental value, there are important things you need to know about buying insurance for an old car. In your auto insurance quote , you don't want to spend more on coverage than you need, but you also don't want to wind up without enough car insurance .If you own a car that is getting on in years, you're not alone. Automotive research firm R.L. Polk and Co. reports that the average age of the more than 240 million cars and light trucks on U.S roads has climbed to a record 11.2 years. In 1995, the average age was 8.4 years. The recent recession has contributed to the trend of drivers keeping cars on the road longer.Consider cutting coveragesThere are a few key ways an old car can drive down auto insurance costs. For example, you might be able to drop collision and comprehensive coverage from your policy. Jeff Schroeder, senior products manager at Los Angeles-based Mercury Insurance, says it's important to r...

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    Whether you drive an aging set of wheels because it's cheaper or because it has sentimental value, there are important things you need to know about buying insurance...

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