Please help

[gwynnbochanan]

I am looking into changing my auto insurance. Currently I pay $154/mo. I found a place where I can get even better coverage for about $147/mo. The other option is to reduce my auto insurance to just liability which means that I am not really covered but am allowed to drive legally. General liability only costs $68/mo. Currently I have no regular income, though my parents are helping to support me (ie with interest free loans). I don't know what to do.

Should I get General Liability or the better coverage (either way I am changing insurance companies.)

Comments

[bloodthorn.livejournal.com]

It depends on the current value of your car. If your car has depreciated so far in value that it isn't worth much (or you have at least paid it off completely) then sure go with General Liability. However, if your car still has significant value then that's not really a good idea.

That's the "practical" advice. The *practical* advice is to ask yourself whether you can afford to do the smart the thing. If you simply *can't* afford the the smart thing then you might just have to suck up the risk and drive more cautiously.

[immortalthief.livejournal.com]

Thank you.

I have finished paying off my car and I don't know what it is worth at the moment. Mostly I am scareed if I hit someone else and all of the expenses have to come out of my pocket. Not that I am planning on it but still I don't know if I could live with the fear. Though money as stated above is tight.

Ug, so confusing.