Blogs and Resources - LA Insurance

If you drive an older car—maybe 10 or 20 years old—you might be considering dropping some coverage to save a few hundred dollars. Since liability-only insurance is mandatory, you’re likely debating whether to keep or drop collision coverage. There is no short answer to it. It depends on your financial situation, your car’s actual cash value, insurance cost, loan or lease status, deductible vs. payout, and your driving habits.

Think of yourself driving down a snowy road when you suddenly hit a patch of ice—collision insurance suddenly becomes so essential. This coverage helps pay for repairs if your vehicle collides with another car, tree, or guardrail. But is it always worth it? In this article, we’ll discuss when to drop collision insurance, covering factors to consider, potential savings, and what happens after you drop it.

What if your car gets damaged in an accident? Can you afford to pay out of pocket for repairs? That’s where collision insurance coverage comes in handy. It helps with repairing or replacing your vehicle after a crash, regardless of fault. Keep reading this article to learn about what collision car insurance is, what it covers, and whether it’s worth the cost.