by maryjanesnow60 » Wed Oct 12, 2011 05:28 pm
I have a 2001 Toyoya, the Blue Book value is $13.000.I pay $98.00 every 6 months for Comp. and Colli. insurance. I have had one fender bender since I've owned the car, which the insurance Co. paid . Should I drop this coverage. Thanks ,
Posted: Thu Oct 13, 2011 04:39 am Post Subject:
I don't understand why you want to drop the coverage as you mentioned that you already had a minor accident and the insurer settled the claims.
Comprehensive and Collision cover the damages to your car due to accident and other events such as theft, fire, vandalism, natural disasters. So, in my opinion it won't be wise to drop it.
You may consider to raise your deductibles to lower the rates. Consult your insurance agent about this.
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