When should I drop full coverage on my 2013 Chevy Blazer?

My 2013 Chevy Blazer is paid off and I'm wondering when I should drop full coverage on it. Is there a specific time?

Answer
“Keeping both comprehensive coverage and collision coverage on your vehicle is typically a good idea. However, if the cost of your insurance equals or exceeds the potential payout, you can drop your full coverage.
Your Blazer is an older model, and if it’s racked up a lot of miles, then it may not be worth repairing. You may prefer to just save up for a replacement car instead of paying for full-coverage insurance.
If you’re not concerned about having to replace or repair your vehicle, then you should feel comfortable dropping full coverage at any time. “
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Emily Maracle
Answered on May 07, 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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