Tag: full coverage car insurance

Can You Really Get Car Insurance for $25 a Month?

My office is in east Dallas one of the melting pot areas of the metroplex. Across the street on both corners are two insurance agencies which advertise car insurance for as little as $25 to $30 a month. You may wonder if it’s a sweetheart deal that no one really gets, so I thought I’d answer the question in this post which wraps up a look at liability oriented car insurance. The answer is yes, no, and what are truly getting or giving up!

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When to Drop Full Coverage on Your Car Insurance

I’ve had a couple of conversations over the past two weeks on the topic of when to drop, or not even start with, full coverage car insurance (for more on what is full coverage car insurance vs liability only coverage, see last week’s post https://wiseinsurancegroup.com/full-coverage-vs-liability-car-insurance/). Some believe in dropping full coverage when the vehicle’s loan is paid off while others use the car’s age to make that decision. Let’s look at these two criteria, as well as one more.

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Full Coverage vs Liability Only Car Insurance

Some people comparing car insurance cost will request a liability only policy while others request a quote for full coverage car insurance. Most people have a general idea what they are requesting when asking for one or the other, but they may not understand this can be written several ways. Let’s contrast the two and look at how both can be written.

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When Should you Drop Full Coverage Car Insurance?

I’m asked this question on a regular basis. It usually comes up when someone’s paid off a car, their insurance is renewing and they’d like to lower their premium, they’re buying a cash car or they just have an older car. It’s an excellent question and the answer depends on two factors. Once those two factors are addressed, then it’s truly up to the client to determine what’s best for them and their financial situation, as well as what their risk they’re willing to tolerate.

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