Do I need comprehensive insurance?

Do I need to keep comprehensive coverage on my car I paid off? I've never had an accident and would like to save some money.

Answer
“Even if your car is paid off, you may still benefit from maintaining comprehensive insurance on your vehicle.
Comprehensive insurance protects your vehicle from damage that may occur from a covered peril. This often includes:
  • collision with an animal
  • vandalism
  • theft
  • damage from hail or wind
  • hit and runs are sometimes covered, depending on the carrier
In most cases, you can’t have collision insurance without comprehensive insurance as well.
If you can afford to replace or repair your vehicle should anything happen to it, you can remove full coverage. If it would cause financial hardship, you should consider keeping comprehensive on your vehicle.
You can look at rates with other carriers if you’re looking to save money and keep comprehensive coverage. Every carrier rates policies differently and you may be able to find a lower rate elsewhere.”
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Emily Maracle
Answered on Jul 06, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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