“The amount of coverage you decide to carry really depends on what is important to you. The best thing you can do is compare how much liability coverage only would cost compared to what you are currently paying.
After that, you should think about your own financial situation. If your car was totaled, would you be able to afford a new vehicle without a payout from your comprehensive coverage or collision coverage?
If your finances wouldn’t allow you to make a down payment on a new vehicle, look at raising your deductibles for full coverage. This can save you some money without reducing your coverage.
While you could reduce your coverage to liability only, be sure to keep your coverage limits as high as you can afford.