Should you have full coverage on a 16 year old car?

This depends on three things

1st:What do you consider "Full Coverage" I consider this to be Fire Flood, Theft, Vandalisum, glass (Called Comprehensive where I live) and Public Liability with Colision.

I do not cover any car I have paid off for Colision or in other Words I caused the crash.

2nd: What is the value of the car? 2 months wages, I would not bother with full coverage. If It will take you 5 years to pay off a replacement, then yes full coverage.

3rd: How much does it cost, $50 extra a year why not, $50 extra a month probably not unless the bank makes me.