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Old 03-26-2010, 10:13 AM   #21
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Originally Posted by ikonomore View Post
So you canceled collision to save $64 on a car worth approximately $10k, sounds like a mistake. So for a $1.20 a week, you'll cover an accident. Cars don't always get totaled. If I was your insurance company I'd be happy you were dropping the coverage too.
It's just deciding to assume a risk instead of paying to lay it off.

And of course the savings only accrue if they're actually put into a savings account, not spent.

I'm willing to bet that most people aren't insured for earthquakes or meteorites, either.


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