Should You Ever Drop Comp & Collision Coverage From Your Auto Policy?

Written by
September 18th, 2012

car being pushedIf you are driving a car that is no longer worth a lot of money, having collision and comprehensive coverage may not be right for you.

The cost of collision and comprehensive coverages, which repair or replace your car if you are at fault in an accident or if your car is stolen or vandalized (along with other scenarios) is largely dependent on the value of the car

There is no firm rule on when to drop the comprehensive and collision coverage, but these suggestions may help you decide:

  • When premiums reach 10 percent or more of the potential payout of the car value if a claim were to be submitted.
  • When you get to the point where you’d most likely buy a new car rather than fix the one you have. 
  • Consider keeping comprehensive coverage because typically it’s a small percentage of the overall premium, even if you elect to drop collision coverage. This way, if you have a claim for glass damage, the claim would be covered subject to your deductible of course!
  • Maintain manageable deductibles until your car is paid off.  Once the car is paid off, build your emergency savings, and then raise your deductibles.

Wisconsin residents with questions regarding your auto and home coverage or whether you should consider changing your coverage, please contact us.


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