When do you drop collision [full] insurance coverage? - Page 2 - GM Forum - Buick, Cadillac, Chev, Olds, GMC & Pontiac chat


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Old 07-26-2007, 04:18 PM   #11
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Another thing for you to consider. Take some time to shop your insurance with the other respectable insurance companies in your area. Many financial advisors recommend doing this every two years as a standard thing.

I think that every two years is a bit excessive, but have found that revisiting your car and homeowners insurance rates every so often is a wise thing. At the very least, it will educate you on exactly what you should be paying. At best, you may save a few hundred dollars per year.

Also, and you probably already know this, you can save more $$ if you get your auto and homeowner'* insurance at the same place (assume you are a homeowner).
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Old 07-26-2007, 04:49 PM   #12
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Im paying 1368 a year for full coverage on the 94 Bonnevile and my 94 Jeep for both me and my wife. Both vehicles I have a title to. Im 27 She is 25 maybe ohio rates are cheaper
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Old 07-26-2007, 05:13 PM   #13
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I'd say it'* probably time to drop the full coverage, as long as you would be able to come up with the money if repairs become necessary.
If you have to come up with $1000 for repairs, can you? $500 (deductible) is easier than $1000.
On the flip side, it seems like insurance is pretty quick to total vehicles, so that would be a moot point.
Just something to consider.
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Old 07-26-2007, 06:06 PM   #14
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I have full coverage on everything, including franky

I Just got the renewal notice in the mail today actually, it dropped from 700 for 6 months on franky to 208

3 star discount baby
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Old 07-27-2007, 12:15 AM   #15
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I just got rid of collision last week on my 93...should have a long time ago.
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Old 07-27-2007, 01:33 PM   #16
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All this insurance talk got me looking at my rates...

I pay $280/year for the '98 LeSabre, $180 of which is collision ($100 deductible). At that rate, I figure I might as well keep collision a few more years.
(If I were to total out, I'd take the money and go get a private-party SSEi, PA Ultra or Regal GS :P )

That'* with AAA, and includes all kinds of profession, persistence, multi-car, etc. discounts, plus we have home, blanket, boat, and other policies in a package, plus middle-aged, married, clean records, etc...all in all, it seems to me you could probably shop around and do better.

(Tell you what though...I do wonder what would happen to that cheap, cozy package deal if one of us did have an accident or some other claim on one of those policies )
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Old 07-27-2007, 03:41 PM   #17
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Here my take, my you deductable $1000.00 and then see what is saves you , so yo uonly have to pay if you get damaged, so you still have the insurance, if it still high ofr you then, drop it as you stated
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