Cutting my car insurance bill in half—didn’t think it was possible here
I hear you on the old Civic. Seen a lot of folks drop collision once their cars hit that “not worth fixing” stage—makes sense, especially if you’ve got a stash for emergencies. Had a guy once who kept full coverage on his ‘98 Accord just because he was superstitious... ended up paying more in premiums than the car was worth after a couple years. It’s a gamble either way, but for beaters, sometimes rolling the dice isn’t the worst move. Just gotta be honest about what you’re willing to risk.
I’ve always wondered about that superstition thing—does keeping full coverage actually ward off accidents, or is it just Murphy’s Law in disguise? I dropped collision on our old minivan last year after realizing the payout wouldn’t even cover a set of new tires. My partner was nervous at first, but honestly, the van’s worth less than my kid’s Lego collection at this point.
Curious though—has anyone ever regretted dropping coverage after a fender bender? Or is it mostly just peace of mind we’re paying for once the car’s value tanks? I keep thinking, if I get rear-ended in the school pickup line, am I just out of luck, or does liability usually cover enough? Insurance always feels like a weird mix of math and superstition...
Cutting my car insurance bill in half—didn’t think it was possible here
Honestly, once your car’s worth less than a weekend at Legoland, full coverage starts to feel like tossing money into a wishing well. Liability will cover you if someone else hits you, but if you’re at fault or it’s a solo mishap, yeah, you’re on your own for repairs. I’ve dropped collision on old cars before and never really missed it—just made sure I had enough stashed away in case something went sideways. For anything with real value, though, I keep the works... learned that the hard way after a deer vs. grille incident with my last “fun” car.
Ever worry about getting stuck with a big repair bill if you drop collision, though? I get the logic, but I always wonder if I’m tempting fate by cutting back too much. How do you decide when it’s worth the risk?
Ever worry about getting stuck with a big repair bill if you drop collision, though?
Honestly, that's my biggest hang-up. I drive an S-class, and even a minor fender bender can turn into a four-figure bill. I get tempted to cut coverage when the premiums spike, but then I picture one careless valet or runaway shopping cart... How do you put a price on peace of mind? I'm always torn between saving now and risking a wallet meltdown later.