Question:

At what point should I stop carrying comp and collision on my 2000 Ford Focus?

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The car is in good condition and comp and collision costs about $250 a year for a $500 comp deductible and $50 comprehensive deductible. Should I drop this coverage since the car is 8 years old?

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  1. It is a risk that you asking about. Are you willing to, or can you afford to loose the worth of the vehicle is it were totaled? The car is worth about $2,500 to $3,000 per Kelly Blue Book (www.kbb.com)(edmunds.com). I would say no, not now. When the vehicles worth is about the same as the deductible and a couple of years comprehensive premium, then I would say drop it. You have a year or two to meet that point.


  2. It depends, what is the car worth? and How long do you plan on keeping it? Me, I would drop it. If you can come up with 500-1000 bucks for a down payment on a new car , drop it. If you need a trade in or can't come up with the money keep it. If you need a new car go to www.PlattnerPreowned.com and browse . If interested fill out an online app and use Shawn Hancock as your salesperson. I live in FL and cars/trucks are cheaper here. I'm originally from NJ and my BIL just bought a truck that was 10,000 cheaper here, my husband arranged delivery from FL to NJ for 850 and this is a big truck. Sorry to sound like a salesperson. but the economy sucks down here and the finance almost everyone and have great deals.

  3. It is your decision, if the car is yours and not the banks...

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