Hello, I am asking for advice as to whether I should remove collision coverage on my 1998 Civic DX coupe that has 156,000 miles on it.  I bought the car brand new 10 years ago. If I remove the coverage, it would save me approximately $20/month. Kelley Blue Book states that the trade-in value of the car would be anywhere from $2,000 - $3,000, depending on the car's condition.  I would say that my Civic is in-between fair to good condition.  It still runs good and I have kept up with it maintenance-wise. Thanks for your advice, Kevin

its costing you about $240.00  per year for the coverage . if you have enought money put aside,  (about $ 2,500.00) to replace it and are willing to take your chances then drop the coverage .

Hello, I am asking for advice as to whether I should remove collision coverage on my 1998 Civic DX coupe that has 156,000 miles on it.  I bought the car brand new 10 years ago. If I remove the coverage, it would save me approximately $20/month. Kelley Blue Book states that the trade-in value of the car would be anywhere from $2,000 - $3,000, depending on the car's condition.  I would say that my Civic is in-between fair to good condition.  It still runs good and I have kept up with it maintenance-wise. Thanks for your advice, Kevin I have a 1997 Civic EX coupe with about 75k on the odometer and I dropped my collision and comp coverage _base_d on how badly I was screwed in my last car wreck.  The blue book on the totaled vehicle was 26k and my insurance company gave me close to 19k for it. When my agent tried to sell me insurance on the 1997 Civic, he was pushing for me to add comp and collision.  I flat out told my agent, why should I pay you an extra $400 per year for a car that you will just total after a mere fender bender? This was my line of thinking.  Why should I pay an extra $400 for insurance plus a $500 deductible for a vehicle that I would be lucky to get $2,000 for if my insurance company were to total it? Maybe someone can shed some light as to if my line of thinking is incorrect.... - Chris

This was my line of thinking.  Why should I pay an extra $400 for insurance plus a $500 deductible for a vehicle that I would be lucky to get $2,000 for if my insurance company were to total it? Maybe someone can shed some light as to if my line of thinking is incorrect.... Nope, that's about right.  I generally keep the comp, if the price is right, just for the glass, but if it is too much of a difference, what's the point?  You'll lose in the long run.

This was my line of thinking.  Why should I pay an extra $400 for insurance plus a $500 deductible for a vehicle that I would be lucky to get $2,000 for if my insurance company were to total it? Maybe someone can shed some light as to if my line of thinking is incorrect.... Nope, that's about right.  I generally keep the comp, if the price is right, just for the glass, but if it is too much of a difference, what's the point?  You'll lose in the long run. Also, uninsured motorist property damage will pick up damage to your car as long as it is not your fault.  Deductibles apply of course... And maintaining comp is a good idea.  Just one deer strike can ruin your day... JT