For people who have dropped collision coverage from their vehicle insurance, when did you drop it? Was it based on the year of the vehicle? The miles on the vehicle?
Thanks.
We dropped collision and comprehensive when the Blue Book value was less than $2000. A week or two later, DH ran into a deer. Oops! 
We did it when the car was worth about $5000, we have a $2000 deductible.
When the cost of the collision portion of the insurance, annually, exceeds 10% or more of the value of the car it is time to drop it. That is going to vary a lot depending on the type of car, mileage, etc. I would keep the comprehensive coverage , especially for glass breakage, since windshields can cost $350-700.
We did it when we decided that we would be able to shoulder the cost if we had body damage to the vehicle and would likely either drive it with body damage, buy a new one or replace. Generally, our independent insurance agent would suggest when she thought we might want to consider dropping coverage because we wouldn’t get much if we made any claim for the vehicle if damaged.
We also dropped collision on an old car when the value of the car was not much higher than our deductible…
We didn’t get collision coverage for either of the kid’s cars, which are both on our policy. DS’s car is a 1998 and DD’s car has over 160K miles.
drop collision if you think that if the car got into an accident you would get rid of it instead of repair it - keep comprehensive (for theft and hitting deer) and glass (if glass is separate)
We didn’t ever drop it. We were carrying it on a 10 year old Nissan Quest…when it was totaled. We got more than the Blue Book value because we had just replaced the tires, and has a major service done on it. It was really in like new condition.
We had a low deductible…maybe $500?
Our bundled policy requires that all 6 of our vehicles carry the same coverage.
That said, while the folks here on CC are honest people, I’m annoyed that some without collision will refuse to take responsibility and will LIE when they get into a crash because they suddenly realize that their car won’t get fixed.
We’ve never dropped collision coverage on any of our vehicles. My H is a car nut and we currently have five.
“That said, while the folks here on CC are honest people, I’m annoyed that some without collision will refuse to take responsibility and will LIE when they get into a crash because they suddenly realize that their car won’t get fixed.”
How does one lie about it? You either have collision or you don’t.
Could mean an at-fault driver lying about how the crash occurred to try to get the fault pinned on a driver who was not really at-fault, due to implications on future insurance premiums. But that can occur regardless of whether someone has collision coverage.
What happens if you are driving a rental car or a car owned by someone else, have an accident and don’t have collision on your own car?
Your insurance’s policy’s detailed fine print describes what is or is not covered when driving a non-owned (rented or borrowed) vehicle.
“Could mean an at-fault driver lying about how the crash occurred to try to get the fault pinned on a driver who was not really at-fault, due to implications on future insurance premiums. But that can occur regardless of whether someone has collision coverage.”
Isn’t there a police report to go along with the claim? Also, insurance companies have investigators that can figure out how a crash occurred.
When my S was in an accident last summer on the Mass Pike - the police couid tell immediately from the scene who was at fault (not my S) and that driver was even ticketed.
Our Chase Sapphire Preferred card gives primary CDW for all car rentals, so it’s the card we use for car rentals. It works well for us and provides great peace of mind! We rarely drive other vehicles we don’t own.
Collision coverage costs less and less as the vehicle ages as well. We paid $81 to cover H’s 1998 Volvo–the body is like new, it also has a new carburetor, tires, and must body parts.
Collision to me stops being worth it when what the company will pay you is less than it would cost to repair it if you get into an accident and they would have to cover it (other driver didn’t have insurance, you are at fault, you hit a tree), and that number is getting to be higher and higher. Cars last a lot longer today and many of them don’t depreciate as fast as they once did.
I would keep collision, as with one of my cars, when it still has significant book value and we really like it, too. It is our nice car, so if it took big dents and dings, we would want to get it repaired.
For cars that are basically station cars, would keep collision on it until the cost of repairing major damage (since i likely wouldn’t care about minor dents and dings and the like) would be such that I could get something to replace it that would be decent, whether covering the cost of a replacement used car or down payment on a newer one.
@emilybee Police often do NOT come to accident scenes anymore…unless there is an injury.
We’ve had situations where, at the scene, the other person accepts fault, but then when they realize that their car won’t get fixed, suddenly they’re changing their stories.
The insurer can help sort things out–they ARE used to people “changing their stories,” and are pretty good and working for a resolution for their insured. It’s always unfortunate when people become liars. This is why I have my independent insurance agent only select among insurers that will advocate for the insured–ME!