14) Weigh the Costs and Benefits of Collision Insurance for Old Cars
Older cars often don’t have much value and you may end up paying more in insurance costs than the car itself is worth if you retain comprehensive insurance on an old vehicle. As such, you should consider getting rid of collision insurance and other types of coverage which focus around paying money to repair or replace a damaged car. Of course, you should never skimp on other coverage like liability and personal injury insurance. To determine whether it is worth the cost to keep insurance, you should consider the value of the car, your own driving habits, and the degree of burden the insurance premiums have on you.
