You bought a used car for its value and a Farmers car insurance used car policy can help you insure it
If you decide to purchase Farmers car insurance for your used car, you will have a number of policy options and cost levels to ensure good coverage for good value.
Consider all your options
The level of coverage you choose should depend on your car's year, make, model, overall condition and the types of coverage you want for your used car. If your car was manufactured within the last five years, it would be a good idea to get a full package of coverage for your used car:
Liability coverage – nearly every state has a minimum requirement of liability coverage for car owners and drivers as it pays for damage done to other people or cars/property if you cause an accident.
Collision coverage – covers the cost of any vehicle damage that you incur on your used car as a result of an accident.
Comprehensive coverage – it pays for damage resulting from theft, vandalism, animal collision, weather damage and other events that can cause car damage through no fault of your own (sometimes referred to as Acts of God coverage).
Personal Injury Protection (PIP) – this covers the medical expenses of you and your passengers in the event someone gets hurt in an accident and is often a required coverage option if you live in what’s known as a “no fault” state for the purposes of car insurance law.
Discounts...and other ways to save
If your used car is very old, you can save a lot of money by removing collision coverage from your policy. As a general rule, if the amount you pay to fully insure your car for two years is more than what your vehicle is worth, then you are wasting money by adding expensive collision coverage to your car. For example, if you purchase an older used car with a Blue Book value of $800 and the car happens to get totaled, the amount of money you will receive under your collision coverage will be minimal, since the car is worth so little.
There are additional discounts available through Farmers auto insurance for a used car. Farmers used car insurance offers:
- Safe-Driving discounts – for individuals who have had a clean driving record for three or more years
- Alternative fuel discounts – if your used car is a hybrid or an electric car, you can also receive an alternative fuel discount through Farmers
- Multiple-policy discount – if you combine a homeowners and car insurance policy (or some other policy through Farmers) you will get a discount on your used car insurance coverage
(Take a look at all your car insurance coverage options with Farmers)
If you’re considering Farmers for insuring your used car, you’ll want to speak directly with a local Farmers agent to get a full understanding of the policy and cost options available to you. Reply! can help you find a Farmers auto insurance agency in your area by connecting you with local insurance professionals, today.