The only answer I can provide is maybe, and it really depends upon your financial situation.
You can drive with Public Liability and Property Damage (PLPD) insurance. This covers your liability to another party in the case of an accident. When you get sued for an accident, this is where the huge claims come into play and where most people can't for it out of pocket.
Comprehensive and collision coverage cover damage to your own vehicle. This type of coverage is not required. Most people only carry PLPD on older cars, where it is cheaper to replace the car then it is to insure it (e.g. a winter car worth $1,200).
Now, there are some contractual obligations that might require you to get comprehensive and collision insurance. An example of this is a car lease. The lessor will require full coverage and to be named as a loss payee. This way, in case its collateral is destroyed, it can recoup its financial investment.
In summary, make sure you can afford replacing the car if you go with PLPD.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Comprehensive auto insurance is necessary, otherwise it wouldn’t exist. The price reflects the actual costs incurred by the insurance company to provide the coverage. Comprehensive covers your vehicle in the event of damage from something other than a collision. The key issue is the value of the automobile in relationship to the premium. Older vehicles decline in value to the point where carrying comprehensive insurance doesn’t make sense and some insurance companies will actually discontinue comprehensive on older vehicles.
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You can drive with Public Liability and Property Damage (PLPD) insurance. This covers your liability to another party in the case of an accident. When you get sued for an accident, this is where the huge claims come into play and where most people can't for it out of pocket.
Comprehensive and collision coverage cover damage to your own vehicle. This type of coverage is not required. Most people only carry PLPD on older cars, where it is cheaper to replace the car then it is to insure it (e.g. a winter car worth $1,200).
Now, there are some contractual obligations that might require you to get comprehensive and collision insurance. An example of this is a car lease. The lessor will require full coverage and to be named as a loss payee. This way, in case its collateral is destroyed, it can recoup its financial investment.
In summary, make sure you can afford replacing the car if you go with PLPD.