Whether you are in the market for a second hand car or you just bought a pre-owned vehicle, you may want to know that purchasing an auto insurance is a mandatory requirement. All licensed drivers are required by state law to carry car insurance. The type of auto insurance policy as well as the coverage amounts can vary based on the value of the car, comfort zones and other individual needs.
Used cars involved in a collision can do to property and people just as much damage as new vehicles can, therefore you can expect to pay for liability coverage the same amount you would pay if you owned a new vehicle. The main difference between new and used cars is that if a pre-owned vehicle is stolen or damaged and assessed as a total loss, the owner's loss will be lower than with a new vehicle.
The state of California requires liability limits of 15/30/5. That means the liability would be $ 15.000 per person which will pay for bodily injury/death, $ 30.000 for injury/death per incident and $ 5.000 for property damage. The mandatory coverage may not cover all the property damage and liability needs. If you want your vehicle to be protected in an accident it is highly advisable to go for the additional coverage.
When you're buying collision and comprehensive coverage you should keep in mind that the greater the deductible you choose, the lower your premium amount will be. Lower coverage limits are more common for older cars for the same reasons as higher deductibles. Make sure you do your homework and choose an used car insurance policy that suits your ride!