Carry Collision Coverage for Older Cars?
Husband jokingly comments to a friend that we finally have a car made in the 2,000's! Our other vehicles are a 1993 Camry and a 1997 Bonneville. Our new to us car is a 2005 Toyota Camry with 83,000 miles. For a Camry this mileage means many years of continued driving. Husband found us a gem to drive at a $1,000 below Blue Book value. The mechanic who checked it out before our purchase said it looked great!
Imagine my pleasure driving the car a few days later to go and visit a dear friend. Nice interior and with only a little paint fade on the roof and a nice ride, I felt very blessed. Stopping at a grocery store on my return from my visit, I picked up a few things and then was about to head out to pick Husband up at work. Diligently checking behind before pulling out of the parking space and seeing all was clear, I started to back into the driving aisle. That is when the contact of another vehicle took place and my "new" car now had a big dent on the rear right side.
Trust me, calling Husband with this news and request as to how to handle this situation was not fun. Husband told me to be sure to get the other car's insurance information and name and address. A gracious young women came to me as I left my car and said she had insurance and was sorry for what had happened. She had not seen me when she left her space. Her SUV type vehicle was not damaged. We exchanged information and I told her that Husband said she should contact her company and we would be as well.
This saga continues as the insurance company does not want to pay the entire amount and we are working through those details at the present moment. My question for consideration is this: Do you carry collision on older cars? We have not done so in the past. This has actually paid off for us as we have had almost no incidents requiring body work. However, now we are reconsidering as our "new" car, although not really new, is not one we could easily replace. What do you do regarding carrying collision insurance? Let me be sure to explain that we do carry auto insurance of the liability kind and always seek to be responsible for providing protection for our family and others.
I have tried to keep a some kind of a sense of humor about all this. Laughingly, several times after this incident, I made the comment that it was too bad the damage had not come to the older vehicles we had been driving with their dings and fading paint. So a few days later, Firstborn Son and family were driving in one of our other cars as theirs was in the shop only to be swideswiped by a driver with no license and who did not speak English. We were so grateful that no one was hurt and this driver when seeking to run from the scene of his crime actually hit another car and was forced to stop.
Fortunately we do have uninsured motorage coverage for this vehicle. Just a bit frustrated as this was the car we hoped to sell soon.
Back to my original question. Do you carry collision on your older cars?