Guess it depends on how attached you are to your ride (and how much you trust your luck).
- If the car’s value is less than what you’re paying in premiums + deductible, dropping full coverage makes sense.
- Age and mileage matter. Once a car hits 10+ years or 150k miles, insurance payouts rarely justify the cost.
- If you’ve got a rare classic—even if it’s a “beater”—I’d keep comprehensive. Parts can be pricey or impossible to find.
- Parking situation’s huge. Street parking under trees? I’d think twice before cutting coverage.
- Personally, I kept full coverage on my ’78 Firebird until rust finally won... but my daily driver lost it at year eight. Just depends on what you’re willing to risk.
I hear you on the parking situation—mine’s always on the street, and after a couple of break-ins, I just couldn’t risk dropping comprehensive. Even though my car isn’t worth much, the hassle and cost of repairs add up fast. Sometimes peace of mind is worth a few extra bucks, especially if your luck’s like mine... not great.
I get the peace of mind angle, but have you run the numbers on what you’re actually paying versus the car’s value? I’m in a similar spot—lots of tickets, not the best record—and sometimes it feels like I’m just throwing money away. If your deductible’s high and the payout wouldn’t be much, is it really worth it? Just curious how you weighed that out.
Honestly, I look at it differently. For me, dropping full coverage isn’t an option—my car’s value is still high and repairs are stupid expensive. Even with a higher deductible, one accident could wipe out years of “savings” from lower premiums. Plus, with my luck (and city drivers), I’d rather not risk it. If your car’s worth less or you’re fine rolling the dice, maybe it makes sense, but for anything luxury or newer? Not worth the gamble.
Even with a higher deductible, one accident could wipe out years of “savings” from lower premiums.
Totally get where you’re coming from. I’m in the same boat—family hauler, not exactly cheap to fix, and I’d rather pay a bit more each month than get slammed with a massive repair bill. I know some folks say “just save the difference,” but honestly, life throws enough curveballs. For me, peace of mind is worth the extra cost, especially with kids in the car. Maybe when it’s older and not worth much, I’ll rethink it... but for now? Not taking that risk.
