My Car is Simply Not Worth the Cost of Insurance

The average family hangs on to the family's taxi mobile for about a decade and those of us who live on less keep our cars much, much longer. There are more vehicles on the road that are more than 20 years old today than ever before. Of course the technology of yesteryear was better and we can force our cars to last longer than ever before, but let's be honest. We are keeping them because they aren't worth enough as a trade in and we can't justify spending the money while there is still life in the old beast. But then we have to face the facts and realize that we live in a society where insurance is mandatory. When your car is not worth the cost of insurance, it can be brutally disappointing to shell out hundreds of dollars every six months just to get the old jalopy around the block. For those of us with some pretty frightening beasts on the road, the cost of insurance is just a fact of life that we need to eat, just like our spinach and out broccoli.

The cost of insurance on a 20 year old car isn't that high, thankfully, because we no longer have a financier to keep happy with out car insurance coverage. If you have a financier on a car that needs to be pushed, cranked, flooded, or dragged to a start, then perhaps you want to consider giving her away to a good home so that you can earn a little tax write off. Outside of that situation, discount car insurance is a fantastic way to minimize the cost of insurance. Some people that use discount car insurance for the bare bones car insurance coverage can get their payment under $100 per month. Sometimes it can be significantly lower than $100 per month. Of course, driving records and other factors like the town you live in and any medication you might take can play a factor in increasing or decreasing your premium. But for less than $100 per month, you can live without a car payment and justify the embarrassment that your friends and significant other have to go through every time you park your beast in their driveway.

Older cars have become a staple in our society especially with the insane increased cost of new car ownership. While the cost of insurance on a brand new car is going to be much higher than simple liability basic coverage for the car that you are holding together with duct tape, maintaining your insurance is an absolute must. It can be tempting just to drive around without it since we obviously don't own anything that is worth a lawsuit. But after a few weeks, your license plate will expire and you will watch helplessly as the tow truck takes the beast away and leaves you standing without any form of transportation. The cost of car insurance is nothing compared to the cost of fixing a legal mess.