Opinions about collision/comprehensive auto coverage.

 We have two vehicles. The auto insurance renewal came in today and I was
thinking about the comprehensive/collision coverage. The older car has
liability coverage only. KBB shows that the newer car has a retail value
of $9,580 and of the 30 or so listings on autotrader that seems to be an
accurate average asking price.

The cars aren't financed so there is no insurance obligation except the
state's required liability insurance. The comprehensive/collision for
the newer car is $501/year with a $500 deductible for collision and a
$100 deductible for comprehensive.

I interested in opinions about keeping or dropping the
comprehensive/collision coverage.

  wrote:


I'd keep comp, dump collision and drive defensively. AAMOF, our total
policy is now close to $500/yr.  Time to shop insurance.

 hchickpea@hotmail.com wrote:

That is what I am thinking. I already drive defensively. The only thing
I need to find out is what happens if I am driving someone else's
valuable vehicle and there is an accident. I used to frequently rent
cars and my collision covered the rental but have no need to do that now.

I have shopped a number of times and haven't received a better price.

 George wrote:

I'm no lawyer, but I believe the insurance is on the vehicle and not
the driver. As long as you make sure that someone else's valuable
vehicle has insurance then you should be OK.

You have to be careful when you don't buy into the rental insurance.
I've heard of people who got stuck with $500 in "damages" consisting
of old nicks and dings they didn't notice when doing the walk around.

Anthony

 On Apr 8, 10:49 am, Anthony Matonak

Depends on the company and the policy.  My policy covers me in any
vehicle I'm legally licensed to drive, within the the limits of my
coverages and deductibles, anywhere in the 50 states; and says so in
plain english in the policy.  Not so in every case however, so one
needs to actually read the policy and not rely on what your agent, or
a CSR from your company tells you.  If it's not there, you may not be
covered.


Dead on.  I've heard the same kind of stories.  I only rent a car once
or twice a year, and never buy the company's insurance.  But I do a
careful walk around, and don't move the car until any noticeable
dings, dents or scratches are noted on my rental agreement by a
company official.  I always have a camera handy when I'm travelling
and photograph them as well.

Regards,
Sarge