#6 Review Your Coverage
It may be a dangerous slippery slope, but at the same time, reviewing and dropping some coverage from your insurance may be the best choice for you. This depends on how old your car is. Truthfully, none of us can predict if we are going to be caught in an accident, and even if we end up fine after one, the car may not be looking as good as we are. Furthermore, if your car is old and on its last legs, it may be best to forego comprehensive coverage in favor of just collision coverage.
Think of it like this: If your car is old and it’s worth about $1,000, but you get into an accident, and the insurance company totals it, paying that $500 per year for collision coverage is just wasting money. Do your calculations, take into consideration cost and your driving record (as well as any other factors at play), drop the coverages that do not make sense in your case, and pay less on your car insurance.
As a senior citizen I only drive once a week to the store, to have hair done, etc. I’ve taken the defensive driving course, increased my deductible to $1,000 and I did a 90 test with my insurance company to check my driving with an app on my phone. I haven’t had a moving car accident but, I have scraped the car, been towed, got caught in a bus tracks in the snow. I’ve filed two minor claims. Is there anything else I can do?