High Point, North Carolina
2610 N Main St
High Point, NC 27265-2823

When Should You Opt for Liability-Only Car Insurance? November 7, 2017

High Point, Guilford
When Should You Opt for Liability-Only Car Insurance?, High Point, North Carolina

If you’re still making payments on your vehicle or you drive a late-model car, comprehensive and collision insurance can be a fantastic investment. These car insurance policies will cover damage caused by just about anything, from accidents to hailstorms and squirrels chewing through your wiring. But does everyone need some wide-ranging coverage? Depending on the age and mechanical state of your vehicle, you might be better off with a liability policy that just protects other drivers from damage you cause.

car insuranceThe amount of insurance you need depends on the value of your car. For example, if you have a car worth $10,000, you’ll probably want to make sure it’s fully protected, even if you’ve already paid it off. Otherwise, you could find yourself facing major repair bills or trying to replace your vehicle out-of-pocket if it’s destroyed in an accident or extreme weather event. In these instances, paying a little more for insurance now could prevent a major financial crisis further down the line.

On the other hand, drivers with older, low-value vehicles generally won’t benefit as much from the additional coverage of collision or comprehensive car insurance. If your vehicle is only worth $3,000, the insurance company is more likely to consider it a total loss if it’s damaged in an accident, since the cost of repairs could quickly exceed the value of the vehicle. If they do, the most you’ll get after a claim is the cost of replacing your car, which you could probably save up yourself instead of paying higher premiums every month.


With over 40 years of experience and two locations in High Point, NC, James C Whitley Insurance Agency has the expertise to find a car insurance policy tailored to your specific needs. Whether you have a brand-new sports car or an old beater, you can rely on their team to make sure you have the coverage you need at an affordable rate. Get in touch online now or call (336) 841-5300 to request a quote today, and follow their Facebook for more helpful tips and advice. Or, visit them in person at their N. Main street or W. Lexington avenue locations today. 

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