At what point do you drop full coverage?

[Anonymous]

I paid cash for a 2015 Acura TLX 7 years ago. Since there was no note, I could've opted from the gate only to pay liability, but I paid full coverage since the car was newish. Seven years later, I am still paying full coverage. It's no big deal, and I am only thinking about it because I just inherited my dad's 2009 Camry. Adding it to my policy and wondering if I should switch to liability for both cars. The Camry has 172k miles, and my TLX has 142K miles. I am the only driver for both cars.

[Anonymous]

You have a backup car if one gets totalled. Drop the full coverage.

[Anonymous]

How much is the Acura worth? I wouldn’t have full coverage on the Camry.

[Anonymous]

Anonymous wrote:You have a backup car if one gets totalled. Drop the full coverage.

This was exactly my thinking.

[Anonymous]

Anonymous wrote:How much is the Acura worth? I wouldn’t have full coverage on the Camry.

KBB $8,300-6,300

[Anonymous]

Full coverage only makes sense for collectible vehicles valued in high dollar amounts.

Of course you have to have full coverage if you got a loan to pay for a vehicle, but once it is paid off, get rid of it.

[Anonymous]

Are you planning to get rid of them? It seems to me that they're more likely to get totaled in any minor crash so full coverage is a decent deal at high mileage. It probably doesn't cost too much, does it?

[Anonymous]

Keep the coverage.

[Anonymous]

Anonymous wrote:I paid cash for a 2015 Acura TLX 7 years ago. Since there was no note, I could've opted from the gate only to pay liability, but I paid full coverage since the car was newish. Seven years later, I am still paying full coverage. It's no big deal, and I am only thinking about it because I just inherited my dad's 2009 Camry. Adding it to my policy and wondering if I should switch to liability for both cars. The Camry has 172k miles, and my TLX has 142K miles. I am the only driver for both cars.

I have it not worth dropping. For me it was only 40$ for 6 months. I’ve kept it.