If you’re hoping to lower your car insurance costs, consider the following to see if simply lowering your coverage levels would make more sense than dropping both comprehensive and collision coverage:
Keep in mind: Regardless of your vehicle’s age, it’s never a good time to opt for low liability insurance limits. Liability coverage pays for property damage and others’ injuries if you’re at fault in a car accident, so payouts are based on the value of the vehicle you hit. Low liability limits probably won’t offer enough coverage to pay an insurance claim for an at-fault accident, which means you’ll be left vulnerable to lawsuits.