Should I Drop My Comp and Collision Car Insurance Coverage?

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[usmcilya]

Sure you may consider the rule but consider where you live. If cars get stolen offten and or broken into if you live in apartments like i do, comprehensive becomes kinda of an important factor.

[theduckthatquacks]

In other words .. if your vehicle is worth under $6000 ...and you can stand a $6000 loss.. then forgo the collision & comp... so.. with 95% of Americans admittedly unable to afford an unexpected $450 bill...I'd say keep the coverage till your vehicle is worth about $2500 or less.. a recent deer collision with my 2nd vehicle, a 2013 Acura w/o air bag deployment. .. book value $8500.. was estimated @ $3000 .00 but with my $1000 deductible. the vehicle is still not fully repaired because I did not have $1000.00 to put toward the deductible with my preferred "Grand Protect" insurance premiums @ $300 & change a month
Last Friday I ran over a road hazard in my leased vehicle.. the tire was wasted.. NOT covered by any insurance and cost me $325 to replace.. that can happen anytime.. buy road hazard with your tires if you can get it.. there was a guy crying a $1000 over a cracked wheel and damaged tire while I was there.. pot hole .. no insurance for that either.

[Traceyi]

Compressive with zero deductable is good if your car is older and paid off but still of value

[AccordingtoWarren]

Is this 10% rule based off of a 6 or 12 month policy?

[joem.]

If you have no comp/collision and you are hit by an uninsured driver are you still covered? The number of people driving illegally without ANY insurance is mind blowing

[RandyJames]

Is this 10% rule based off of a 6 or 12 month policy?