But if losing your car would really mess up your life, sometimes peace of mind is worth a little extra cash, even if the math isn’t perfect.
That’s the tricky part, right? I always ask myself: what’s the actual risk vs. the cost? With my ‘89 Mustang, I keep comprehensive because parts are rare and a random hailstorm could mean game over. But with my daily driver, once the premium creeps up, I start questioning if it’s just throwing money away. Anyone else ever try to calculate the odds of a freak event, or is that just me being a little too nerdy about it?
Honestly, I get where you’re coming from. I’ve run the numbers a few times myself, especially after seeing stories like that Kansas hail thing.
Same here—sometimes it feels like you’re paying for peace of mind more than anything else. But with older cars or rare parts, one freak storm and you’re out way more than the premium. It’s a gamble either way, just depends how much risk you can stomach.“I start questioning if it’s just throwing money away.”
Yeah, I get that feeling too—sometimes it’s like you’re just paying for “what ifs.” But after seeing a neighbor’s car get wrecked by a random hailstorm last year, I’m kinda glad I kept my coverage. It’s tough to know what’s worth it until something actually happens.
Yeah, I get that feeling too—sometimes it’s like you’re just paying for “what ifs.” But after seeing a neighbor’s car get wrecked by a random hailstorm last year, I’m kinda glad I kep...
Yeah, I know what you mean—paying for “what ifs” feels kinda pointless until you see it actually happen. I always wonder if it’s better to just stash the money away instead of handing it to the insurance company every month. Has anyone ever actually dropped coverage and then regretted it, or is that just one of those stories people tell to scare you?
I always wonder if it’s better to just stash the money away instead of handing it to the insurance company every month.
Tried that once with my old ‘72 Nova—figured I’d save a few bucks since I barely drove it. Then a tree limb fell smack on the hood during a freak storm. Ended up costing way more than all those “what if” payments would’ve. Guess sometimes you don’t appreciate insurance until you really need it... and then you REALLY need it.
