New policy is coming around, I'm paying 76 bucks a month for full coverage on my DX. Not a bad rate, but I was a little shocked when I checked Kelly Blue Book online and found out the trade in/wholesale value is $775 bucks. I'll assume this is how the insurance company will value my car.
I guess there are two lines of though here... 1) Why not just write off the car in the case of a wreck or theft, and only carry liability insurance. 2) Keep the full coverage, pay the 76 per month, and receive a $775 dollar check for a down payment towards a new[er] vehicle in the case of wreck or theft.
My wife leans toward the safer solution, ie: keep the full coverage... I am thinking just go with liability, and try to save those extra dollars for the next car....
What are you guys doing?
Rich.
I guess there are two lines of though here... 1) Why not just write off the car in the case of a wreck or theft, and only carry liability insurance. 2) Keep the full coverage, pay the 76 per month, and receive a $775 dollar check for a down payment towards a new[er] vehicle in the case of wreck or theft.
My wife leans toward the safer solution, ie: keep the full coverage... I am thinking just go with liability, and try to save those extra dollars for the next car....
What are you guys doing?
Rich.