bassjunkiens5;1197000 said:^ You're not to good with money either? lol Your car is an asset/investment as well as your house. You probably never had anything stolen from you either? Also in TN insurance is required by law and if you happen to hit someone you get to pay for damages. Ask my dad about this one, 15 years later he is still paying on it! That's something bigger to worry about.
This isn't intended to be a rant or bash so please don't take it that way but don't take things for granted either.
Most cars are not assets. A house (normally) appreciates, an MKIII Supra does not. If it were an asset, then our cars would be worth at least $50k because they stickered at what, $25k-$35k eighteen years ago? Thanks to a silly movie, some of the MKIVs have truly appreciated. Those would be assets.
My interpretation of Jetjock's post is that he does not carry comprehensive coverage on his car. Not necessarily a bad idea depending on the car and what your goals are.
Might want to research that comprehensive vs liability auto insurance coverage. "You're not too good with money either?" was a most appropriate statement.