The conversation between human and AI assistant.
Is it true that when purchasing a vehicle, if the cost is under 7000 you don't need to have full coverage insurance?
I want to know if it's true that when purchasing a vehicle, if the cost is under 7000 you don't need to have full coverage insurance?
Well, there isn't necessarily a set cost limit for when you need to have full coverage insurance on a vehicle. It really depends on the insurance requirements in your state, as well as the specific lender requirements if you're financing the vehicle. However, it is true that generally speaking, older or less expensive cars may only require liability coverage rather than full coverage. Would you like me to look up the insurance requirements in your state?