- Not saying you’re wrong, but sometimes full coverage on an older car just doesn’t add up.
- If your ride’s only worth a couple grand, paying hundreds extra a year feels like throwing money away.
- I’d rather stash that cash for repairs or a new car fund.
- Sure, freak stuff happens, but at some point you’re just insuring the insurance company’s profits...
- Guess it depends how much risk you’re cool with, but I’d rather take my chances once the car’s value drops enough.
Yeah, I hear you. Once my old Civic dropped below $3k in value, I ditched full coverage too. At that point, it just felt like paying for peace of mind I didn’t really need. Rather put that cash toward gas or the next inevitable repair...
I get where you’re coming from, but I’d actually push back a bit on dropping full coverage, even on an older ride. Here’s why:
- Accidents happen, even if you’re careful. Someone else’s mistake could total your car, and liability won’t help with your own loss.
- On the islands, parts and repairs can get pricey fast. Even a minor fender bender could cost more than the car’s worth.
- If you ever get unlucky with theft or a storm (hurricanes aren’t exactly rare here), comprehensive can be a lifesaver.
Rather put that cash toward gas or the next inevitable repair...
I totally get wanting to save, but sometimes that “peace of mind” is worth more than it seems—especially when you factor in how unpredictable things can get out here. I kept full coverage on my old Lexus way longer than most would’ve, just for that reason. Maybe not for everyone, but it saved me a headache once when a tree branch decided to make my hood its new home. Just something to think about.
Honestly, I’m with you on the “peace of mind” thing. I once tried to save a few bucks by dropping full coverage on my old Subaru, thinking it was basically held together by duct tape anyway. Two weeks later, a coconut fell right through the windshield during a freak windstorm. Ended up costing way more than what I’d saved. Sometimes island life just throws curveballs you can’t predict...