Been thinking about my old Honda lately, it's pushing 12 years and has some dents and dings already. I'm still paying collision/comprehensive coverage, but honestly wondering if it's just money down the drain at this point. Curious how everyone else decides when it's time to drop it...like is there a certain age or mileage you go by, or do you just wing it based on how beat-up your car looks? Quick poll below:
When do you usually ditch collision/comprehensive?
- Around 5-7 years old
- Around 8-10 years old
- Only when the car is basically worthless
- Never, too risky
"I'm still paying collision/comprehensive coverage, but honestly wondering if it's just money down the drain at this point."
Yeah, I've been there. Had an old Subaru that was pushing 14 years and still had full coverage on it. Then one day I did the math and realized I was probably paying more in premiums than the car was even worth. Dropped it and never looked back...but I admit, for a few months afterward every parking lot felt like a minefield, lol. Guess it depends how much peace of mind is worth to you.
