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Best Answer BLACKANDGOLDJACK says
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I understand what you are saying about coverage, but if you have an older car, you don't want to waste money over-insuring it. If you can afford a Mercedes, you ought to be expecting to pay higher insurance to cover & protect your investment.
The liability coverage (BI,PD,UM,PIP or MP) is the same for a new Mercedes or an old Chevy for identical limits. The physical damage (Comp and Coll) is of course going to be more. Comp & Coll is not required unless you have a loan on the car.
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