Comments on: How Do You Know When to Drop Collision and Comprehensive Coverage? https://www.mymoneydesign.com/how-do-you-know-when-to-drop-collision-and-comprehensive-coverage/ Designing Financial Freedom Mon, 30 Mar 2020 13:47:07 +0000 hourly 1 https://wordpress.org/?v=5.5.12 By: Benjamin Andrews https://www.mymoneydesign.com/how-do-you-know-when-to-drop-collision-and-comprehensive-coverage/#comment-107188 Fri, 28 Jun 2019 15:09:19 +0000 https://www.mymoneydesign.com/?p=11101#comment-107188 I like that you state that it’s important to have the financial protection of auto insurance while your car is new and worth a lot of money. My brother is looking for the best way to cover his new Tesla. I will send him this information so he can make sure to find the best automobile policy available to protect such a valuable car.

]]> By: Donald Castonia https://www.mymoneydesign.com/how-do-you-know-when-to-drop-collision-and-comprehensive-coverage/#comment-107083 Tue, 11 Jun 2019 14:49:54 +0000 https://www.mymoneydesign.com/?p=11101#comment-107083 I am seriously considering dropping collision and comprehensive coverage. One of the things I did not see mentioned this artical is coverage for uninsured and under insured motorists. That coverage is included in my liability coverage, separate from collision and comprehensive.

Upon renewal, my premium will exceed 10% of the car’s value. I can find cheaper insurance with the same coverage, but then it substantially increases deductibles on my home insurance. So that is the decision I have to make.

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