<prompt> Human: Im going to be paying off my 2005 Minivan this month, WOOT WOOT. I took out an auto loan of 6000 in October 2013, so I was required to carry full coverage. The vehicle is covered for 6500 collision and comprehensive. I talked to my insurance company and they said the difference in what I have now, and simple liability insurance is 100 so 10 a month. Im currently working on my emergency fund I have 5k in in and am working to get that up to 15k-20k, so I definitely dont have the cash on hand if I were to be liable in a car accident. My thought is its worth having full coverage. The car is currently worth 5500, but Im not sure this makes a difference in assessing something like this. Im not 100 sure if this is PF question or an auto question, but any advicewisdom would be much appreciated.  <response>: Agree with duhhh, since you lack the capacity to self-insure you should carry the extra insurance. 