Do I still need insurance if my car is old and doesn't have much value?

Yes. California requires drivers to carry at least the following auto insurance coverages: Bodily injury liability coverage: $15,000 per person / $30,000 per accident minimum. Property damage liability coverage: $5,000 minimum. Uninsured motorist bodily injury coverage: $15,000 per person / $30,000 per accident minimum. Although a person may be able to lose or do without an old run down car should it be damaged in an accident, it could be financial ruin should you be involved in an at fault accident without liability coverage. Ask your agent about the options available for liability only insurance.