How do I change my car insurance policy?

I currently have comprehensive coverage on my vehicle, but the car's value isn't enough to warrant that type of insurance. I don't want to be spending money I don't have to, so how can I change my car insurance policy to only include liability coverage?

Answer
“Good on you for figuring out what you don’t need!
If you want to change your car insurance policy from comprehensive coverage to liability coverage, you only need to place a phone call to your insurance provider. They should be able give you all the information you need.
As a general rule, if your yearly premium for comprehensive insurance is more than 10% of the fair market value of your vehicle, downgrading your coverage is a smart financial move.
Just keep in mind that you should still have the money to pay for damage or maintenance out of pocket. If you’re able, you may also want to start saving for a new vehicle—if your car’s value isn’t enough to warrant comprehensive coverage, it might be time for an upgrade.
However, it’s possible that another plan could get you less expensive comprehensive coverage. The Jerry app is a great tool to help you make sure you’re getting the best deal possible on your current coverage: we’ll get you dozens of customized quotes from different top-of-the-line providers so that you can make sure you’re getting the best price on the coverage you need. (And if you choose to switch providers, we’ll even help with the paperwork and phone calls!)
Best of luck with the coverage change, and enjoy your newfound savings!”
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Eric Schad
Answered on Sep 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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