Community Chat

[CAcableGirl2]

@shaggygirl   You don't have to wait until the policy renews to adjust your coverage.  If you call them today, and get rid of collision if you don't need it, they will prorate the amount between now and the renewal and either give you a credit or send you a refund for the difference.

[catter70]

I recently took the collision off my 13 year old Ford Escape and saved a few hundred bucks. 

[millieshops]

It's really not all that helpful to compare what people pay for car insurance unless you know they live in similarly rated areas and have similar insurance needs.  

I do agree with all the posters who suggest collision coverage on a 21 year old car is most likely just adding profit to the insurance company.

I would never give advice to a stranger about what the rest of their insurance should cost because I would have no idea what liability coverage they need to carry.  That involves knowing far more than the age and condition of the car being insured and should be a conversation with any agent/company giving you a quote.

[mimomof4]

Insurance is largely based on where you live.  In Michigan our auto insurance rates are ridiculus.

I would start by asking what type of coverage you have on a 20 year old car.  If you are paying more in insurance yearly than what insurance would pay out - you need to reduce your coverage.  Our oldest car is 16 years old and we have had PLPD on it for years after making the comparison of the yearly insurance cost vs KBB of the car.

[sunshine45]

we have ERIE insurance and we are quite satisfied with their coverage and costs.

i think the best way to find insurance is to go through an insurance broker.....one who is able to check on a few companies for you rather than an agent who is just selling one company. that is how we changed from nationwide (which we had for YEARS) and switched and saved by going with ERIE.

also consider changing/raising your deductibles for an older car. it can help with cost also.

[CelticCrafter]

For a car that old you don't need comprehensive or collision so basically just liability and property damage and whatever your state requires you to carry.

If that's the case you really don't need a stellar review when it comes to claims service.

[shaggygirl]

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@CAcableGirl2 wrote:

@shaggygirl   You don't have to wait until the policy renews to adjust your coverage.  If you call them today, and get rid of collision if you don't need it, they will prorate the amount between now and the renewal and either give you a credit or send you a refund for the difference.

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@CAcableGirl2 

Ya know what? First I I did some blue booking then I made a phone call.....I have cancelled the collision! THANK YOU for that info. I thought I would have to wait till my June renewal to make any changes. The fact is if I had damage to my car in an accident I'd buy myself a new or used one because mine is such a gas guzzler anyway .....although I do love my MDX. 

[Still Raining]

Might to have a chat with your agent.

If you have separate umbrella, you can lower the liability down to the state minimum.

If the medical includes you, check to see if duplicates your health insurance.

And of course, perhaps collision is not longer needed.

[hckynut]

@CherryHugs 

Older cars, assuming you are talking about liability insurance, can be higher than many, if not most, newer or new vehicles. I personally don't know why anyone would have collision or comprehensive insurance on a 20 year old vehicle.

I know our liability is cheaper because of the built-in safety features of our vehicles. The newer the vehicles, the more standard or optional safety features are available. 

While it doesn't sound like the real old liability insurance policies, which were pretty much based on the age of the driver/their marital status, and their driving record. The safety features lessen the chances of severe injuries for others.

Not sure why you think insurance should be based on the age of a vehicle, other than maybe the State/County/City taxes on it, which generally go down with the age/value of the vehicle.As I said, the age of a vehicle, is primarily tied to collision and comprehensive insurance, not liability.

One of our vehicles is a 2004 and the other is a 2010, and carry and pay for, only liability insurance. For us $500 deductible is our choice.

hckynut 

[patbz]

@mimomof4 :  You are so right that where you live greatly affects the cost of your car insurance.  I remember that when I lived in Ridgecrest CA ( small city in Mojave desert) that our insurance rates were incredibly high.  The reason was if we went " down below" (to LA) we had to go via Highway 14, one of the most dangerous highways in the country; everyone I knew, knew of several people who had been involved in fatal high speed accidents (2 lanes, almost no passing lanes, lots of hills, isolated areas) going between LA and Mammoth, onto Reno.