When Should you Drop Full Coverage Car Insurance?
I’m asked this question on a regular basis. It usually comes up when someone’s paid off a car, their insurance is renewing and they’d like to lower their premium, they’re buying a cash car or they just have an older car. It’s an excellent question and the answer depends on two factors. Once those two factors are addressed, then it’s truly up to the client to determine what’s best for them and their financial situation, as well as what their risk they’re willing to tolerate.