Should I remove full coverage from my vehicle if I'm going to pay off my loan in the near future?
I currently have full coverage on a car I financed, but I'm about to pay it off. To save money, I'm thinking of removing collision and comprehensive coverage from my car. I'm also thinking of picking up some extra money driving for Lyft. Should I remove full coverage and just get liability?
Answer provided by
- How many miles does the car have? How old is it?
- Can you afford to pay for repairs due to an accident or mishap out of pocket?
- Are you accident prone or an aggressive driver?
- What’s the car currently worth?