How long should I keep collision insurance on my vehicle?

I've owned my vehicle for eight years without having an accident, and I'm starting to think that I don't need collision insurance anymore. How long should I keep collision coverage—and if it doesn't seem to be useful, should I get rid of it?

Answer
“First off, that’s an impressive driving record—congrats! As a general rule, you should only keep collision coverage on your car if the annual premium is less than 10% of the value of the car.
However, you may find circumstances where you would want to keep collision insurance. For example, if you have a collector’s car, a classic car, or the vehicle has sentimental value, you may want to keep collision on your car insurance policy.
If the policy is getting too expensive, shop around with tools like the Jerry app. We’ll get you customized quotes from multiple providers so that all you need to do is choose the policy that works best for you. And if you want to switch, we’ll even help with that!
Congrats on your record again and keep driving safely!”
avatar
Eric Schad
Answered on Sep 24, 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.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating
4.7/5 Rating on App Store

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free