When should I drop full coverage on my 2011 Nissan Altima in Seattle?

"I currently have full coverage on a 2011 Nissan Altima, but I'm considering dropping it. I have enough saved that I could afford to pay for a new car.

If someone else hits my car, would their insurance cover my repairs? I live in Seattle and accidents are pretty common. "

“If you can afford to keep both comprehensive insurance and collision car insurance on your vehicle, you should do so.
If you get into an at-fault accident, you would be responsible for the damages done to your vehicle. If you aren’t at fault, the other driver’s insurance may cover the damages.
However, the damages on your vehicle could exceed their property damage coverage. If so, you’d only be paid up to the coverage they have. Without collision coverage, you’d be responsible for the remaining cost to repair your vehicle.
Since you do have some financial flexibility, you’ll need to decide whether dropping full coverage is a risk you’re willing to take. If you’re nervous about it, it may be worth raising your deductibles on both comprehensive and collision to reduce your costs rather than removing coverage completely. “
Emily Maracle
Answered on May 17, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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