4. List at least three other kinds of motor vehicle insurance that are available to you.

1. You have recently purchased a fully restored 1957 Chevy, something you have always dreamed of owning and driving on special occasions. The car cost $30,000, but you thought the price was worth the expense. After shopping around for insurance, you discovered that the cost of insuring such a vehicle is quite significant. The best price you can find on the coverage you need is $3,500 per year. You can cut corners on the insurance coverage to save money; however, you will be taking a risk. Is it worth the insurance expense to protect your prized vehicle, or is it too much to spend to insure what is, after all, just a car?