Is it time to go down to just liability coverage on my 2012 Nissan Altima?
"I have a 2012 Nissan Altima that is in so-so condition. I have full coverage with a $2,000 deductible, but now the car is paid off.
Should I remove full coverage to save some money since I am not driving much right now? Its value is around $5,000."
“We are all looking for ways to get cheap car insurance. Before you remove your coverages, here are some things to think about:
- Do you have enough saved up for a down payment to purchase another car?
- If your car is totaled in an accident, will you need a rental car to drive right away?
- After paying the deductible, is the amount left over for your next car worth it? Or are you better off putting the savings aside?
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