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Dropping comp on the car I have, sure. Dropping collision: That's what I'm disagreeing on...................................................

We seem to be fixated on nickles and dimes here. That and the possibility that Dean said comp when he meant to type Collision?

In my mind insurance is there to keep some guy that I run over from getting my house and all my other assets(if any), leaving me to live in a box under a bridge :) The replacement of my car is almost irrelevant except as mentioned in the following paragraph.

Or to avoid making payments for the next 48 months on a car that has burned to the ground, or been crushed by a semi truck.

With the exception of cars that are still being financed, we're looking at deciding whether to pay $5000 in premiums* over the life of the car to protect ourselves from a $5000 loss ?


* this is assuming for the ease of calculating, $500/year for the collision coverage and an average of 10 years between claims, your actual numbers may vary
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