David Harper
Senior Member
- Joined
- Apr 28, 2016
- Threads
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- Location
- Crystal Lake, Il.
- Vehicle(s)
- 2016 Civic coupe
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- #1
because of covid I decided paying for full coverage on my auto ins. was a waste of money. My car is spending most of it's time in the garage. So I dropped both collision and comprehensive and reduced my liability coverage to the state minimum. My premium is now $25 a month. I know it's risky so I drive VERY carefully. I haven't had an at-fault accident in 40 years. As for comprehensive, I've been driving for 50 years and never had a tree fall on my car. I hate insurance. 99% of the time it's a total waste of money. I realize this could turn out to be a mistake and I wouldn't advise anyone else to do it. But boy it sure changed my cash-flow situation.
Consider; if you file a claim under your collision coverage (for an at-fault accident) this is what will happen immediately: your premiums will skyrocket. Also, you will first pay your deductible which may be a thousand dollars. If an accident is the other guys fault his insurance pays for your car. But I did keep uninsured motorist coverage.
Consider; if you file a claim under your collision coverage (for an at-fault accident) this is what will happen immediately: your premiums will skyrocket. Also, you will first pay your deductible which may be a thousand dollars. If an accident is the other guys fault his insurance pays for your car. But I did keep uninsured motorist coverage.
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