This depends on what coverages you have selected on your vehicle. In most cases, you are able to carry full coverage on a vehicle no matter if it is 10 years or older. Typically, once a vehicle is over 10 years, it may be more cost effective to carry only liability. That way, you are not paying out more for full coverage than the value of the vehicle. However, you can choose to carry full coverage if you would like, which would cover damage to the vehicle in the event of an accident.