[SoothingDave]

I see. You are talking about going from having just liability to having full coverage. I was talking about the difference in full coverage based on a change in vehicles.

[zencycler]

Correct. I insure my home and my life. Aside from that, anything costing less than 10k is effectively self-insured (I’ll just buy a new one if it breaks). That includes everything from my 98 Explorer (still works great) down to my kitchen appliances.

[Smokin' Joe]

I have driven off-lease and former rental vehicles for years. They are older, high mileage, but the buy in is so low I only carry liability. They have been well maintained, may have minor body damage, but If I get 25,000 miles out of them, I got my money's worth--and those not hit by some idiot last much longer. The fleet ranges in age from 72 (not off-lease) to 13 years old.

I'm out to avoid the black box, don't want GPS or any of the whistles and bells, and find air conditioning and an effective heater to be luxurious. I prefer vehicles I can work on, especially after being nearly stranded in subzero weather by a bad O2 sensor and a fouled catalytic converter. (Perfectly operable engine, just the antipollution junk could have cost me my life.) I have saved thousands in the difference between having to pay for full coverage and loan interest and a cash on the barrel head deal on a vehicle I carry liability only on.

One thing to note: we do not have the emissions inspections in this state many others do, primarily because our vehicle population density is much less. That makes driving an older vehicle a mite simpler, too.