You buy insurance to cover (indemnify) you in case of a loss. You don't ever want to pay more for insurance than the property you are protecting.If it costs you $100 in comprehensive premium plus you have to pay your deductible ($100 to $500), then you would hope that your car is worth more than that expense. Every decision is unique so we cannot put a dollar amount on the vehicle for all situations. You should buy as much insurance as you can afford.Follow this link to learn more about auto insurance coverage.
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