Consider Dropping Collision Coverage

Consider Dropping Collision Coverage - There comes a time in ever cars life where carrying collision as part of your insurance policy is just not worth it any longer. When your car is shiny and new, worth a lot of money to replace, it is always worth carrying collision on your insurance. But, when your car has aged and no longer holds a good book value, it is time to drop the collision, as you are paying really high fees for this insurance. And if you car is in an accident, the insurance company is likely to write it off and just pay you out at the book value anyway, so why pay the insurance?