Q. I know you have talked about this before, but to be perfectlyhonest I didn't pay a whole lot of attention. My wife says you saythat if a car is on the older side, you are wasting money buyinginsurance on it. Can you explain yourself?
C.T.
via e-mail
A. First of all, let's be very clear. I have never said, norwould I say, that it is not necessary to carry liability insuranceon an older car.
What I have said is that collision and comprehensive insurance onolder automobiles is a very poor buy.
Let's assume that your car is worth $21,000 brand-new, but nowthat it has aged it's only worth $3,000.
You can bet your bottom dollar that you are …
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