Kevin G. wrote:
> Hello,
>
> I am asking for advice as to whether I should remove collision
> coverage on my 1998 Civic DX coupe that has 156,000 miles on it. I
> bought the car brand new 10 years ago.
>
> If I remove the coverage, it would save me approximately $20/month.
> Kelley Blue Book states that the trade-in value of the car would be
> anywhere from $2,000 - $3,000, depending on the car's condition. I
> would say that my Civic is in-between fair to good condition. It
> still runs good and I have kept up with it maintenance-wise.
>
> Thanks for your advice,
> Kevin
>
I have a 1997 Civic EX coupe with about 75k on the odometer and I
dropped my collision and comp coverage based on how badly I was screwed
in my last car wreck. The blue book on the totaled vehicle was 26k and
my insurance company gave me close to 19k for it.
When my agent tried to sell me insurance on the 1997 Civic, he was
pu****ng for me to add comp and collision. I flat out told my agent, why
should I pay you an extra $400 per year for a car that you will just
total after a mere fender bender?
This was my line of thinking. Why should I pay an extra $400 for
insurance plus a $500 deductible for a vehicle that I would be lucky to
get $2,000 for if my insurance company were to total it?
Maybe someone can shed some light as to if my line of thinking is
incorrect....
- Chris
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