Originally posted by Darren G:
My car's probably only worth about 3000 to at most 5000 if i were to total it. It would cost me 500 bucks a year to insure it against collision and comprehensive damage. What do you think? Should I cancel the collision and comprehensive coverage now that I own the car outright?
Ask the insurance company for an approximate value of your car. Make a decision based off of that.
I cancelled my Collision last year. It cost me about $600/yr. However my car had approximately 160K miles and a Salvage Title. It was then that I determined my car wasn't worth the collision since my car might be worth 1500 tops. Consided I've got a $500 deductable, I'm chancing loosing about $500 the first year, and by the 2nd year its a wash.
- Zack
WANTED: T-Red HEATED Side Mirrors
FOR SALE: 4 14" Alum Alloys and Nearly New Avid H4s Tires w/ Center Caps
2000 T-Red SVT
1995 LX V6 MTX (RIP)
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