[quote=bearishgurl][quote=flu]BG… There’s a time to save money and pennypinch, and there is a time not to… And when it comes to insurance, it’s an area where you don’t want to skimp on…..You have one car, and basically, what you are suggesting is n to not have collision and not have comprehensive coverage…Bad idea, really bad idea…for the following reasons…[/quote]

Thanks, flu. I’ll leave it as it is. I didn’t think of these issues. The potential savings is about $28.35 mo but I pay bi-annually. I DO find myself having to rent a vehicle about once every 2-3 years and also borrow friends’ pickups on occasion to deliver/pick something up. Also, it would be nice to get the $2-$3K if I should be at fault or partial fault in an accident or have a medical emergency while driving and ditch the vehicle or run into something. The comprehensive coverage issues (theft/weather/hazards, etc) are something I encounter also (i.e. can’t get around a string of rock trucks on the open road, caught in a hailstorm, driving with cables mounted on narrow roads, etc), as I DO drive in the mtns and interstate as least 2x per year. I think my vehicle’s bottom value would/will be probably $2K – $3K, even if it didn’t run. It might be worth at least that in parts, lol! After a vehicle gets this old, the private-party “price” they’re worth is somewhat subjective, depending on service records. Surprisingly, there are LOADS of vehicles exactly like mine (and older) still on the road. That speaks volumes about the quality.[/quote]

I would consider talking to your auto insurance and asking how much a $0 deductible comprehensive would be and a $250 deductible collision would be…

For my old Audi, changing from a $250 deductible comprehensive to $0 and changing the collision from $500 to $250 deductible costs me an extra $40/year. And it works out great because I have a crack on my windshield from road debris flying on the freeway… The windshield costs about $250, so I now won’t be paying for it ..Doubly nice that insurance co’s can’t raise rates because of comprehensive claims. I dropped the rental car reimbursement and saved $30/year because I have more than one car…If it isn’t my fault, then the other person’s insurance has to pay for the rental car anyway.

But this is all hogwash for me anyway, since it costs me $60 to fill up a tank of 91 octane, with 17.8mpg that I’m getting. I’m not complaining, because at one point, I could get 22mpg combined, but it required me to drive painfully conservatively…Plus I’m not getting much better gas mileage in my 4 cylinder audi either, 19mpg. And that too requires 91 octane. Bost car’s engines are turbo’d, so there really isn’t an option to skimp on gas.