11 fév. 2022 · The standard rule of thumb used to be that car owners should drop collision and comprehensive insurance when the car was five or six years old, ...
Is collision better than comprehensive?
Comprehensive coverage protects your vehicle from unexpected damage, such as a tree branch falling on it or hitting an animal, while collision coverage protects against collisions with another vehicle or object.
Do you want a high or low collision deductible?
In general, drivers who are more likely to file an auto insurance claim will have lower total costs with a low-deductible car insurance plan. Conversely, drivers who don't file a claim will typically save with a higher deductible plan.
When should I drop collision insurance Canada?
If the cost of your collision coverage is 10% or more of the value of your car, it's probably time to drop it. For example, if your collision insurance costs you $400 per year and your vehicle is only worth $4,000, cancelling collision will save you money.