05/06/2020
If you’re thinking about removing collision coverage, we recommend taking two steps here:
First, google the Kelley Blue Book value of your car. This will give you a good idea of how much your vehicle is worth today.
Remember, if your car gets totaled, your collision coverage will cover you up to the vehicle's actual cash value on the date of the accident.
Then, look at your insurance policy and see how much your collision coverage costs per year.
In the next two years, will removing collision add up to or surpass the value you searched in step 1? If so, it might be time to take it off.
Also consider your comfort level, accident history, and how much you drive.
Feel free to message us to help determine whether it’s right for you!